Roll
No.................................
B.COM (P)–2014
MICROECONOMICS
Paper Code
(BCOP-103)
Paper Id.
[B1103]
TIME:3 HRS M. Marks: 60
NOTE: SECTION A IS COMPULSORY ATTEMPT ANY FOUR
QUESTION FROM
SECTION B
SECTION
A
EXPLAIN
THE FOLLOWING TEREMS:
1. Long
run cost curve.
2. Extension
in demand.
3. Monopolistic
competition
4. Selling
costs
5. Average
variable cost
6. Inelastic demand
7. Equi
marginal utility
8. Diseconomies
of scale
9. Price
discrimination
10.
Kinked demand curve
SECTION B
1. Discus
the nature ans scope of economies. Wha t ios difference macro and micro
economics
2. Discuss
the law of diminishing marginal utility. What are the exception to the law?
3. What
are the determinates of elasticity of demand? How can the elasticity of demand
be measured?
4. Discuss
the law of variable proportions with suitable example.
5. How
can the price and output be determined under monopolistic competition? Discuss
6. Discuss
the marginal productivity theory of factor pricing
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