Micro Economics, Question Paper of B.Com 1st Semester,Download Previous Years Question Paper 5

Roll No. ……………….

Total No of Questions: 07

B.Com. (Sem.-1^st)

MICRO ECONOMICS

Subject Code: BCOP-103 (2011 & Onwards)

Paper ID: [B1103]

Time: 3 Hrs.                                                                  Max. Marks: 60

SECTION-A

l. Answer briefly:

i) Define Gross and net profit

ii) Four main features of oligopoly

iii) Law of diminishing marginal utility

iv) Selling cost

v) Expansion path

vi) Determinants of elasticity of demand

vii) Marginal rate of substitution

viii) Envelope curve

ix) Price discrimination

x) Define Interest

SECTION-B

2. Explain consumers’ equilibrium with the help of indifference curve technique.

3. Discuss excess capacity hypothesis with reference to the imperfect

    Competition.

4. Discuss the law of variable proportions. Why does it apply to agriculture?

5. Discuss the Ricardian theory of rent.

6. Critically examine the marginal productivity theory of factor pricing.

7. Discuss the concept and main theories of profit.