B.Com. LL.B. (Five Years) Sem 1 Micro Economics 2018 Dec Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Define micro-economics. What are the uses and limitations of micro-economics ?
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2. Q1 OR Explain the law of equi-marginal utility.
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3. Q1 (b) Write short note on 'Consumer Surplus'.
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4. Q1 OR Write short note on 'Indifference curve'.
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UNIT - II

1. Q2 (a) Explain the law of demand.
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2. Q2 OR Define price elasticity of demand. Explain the types of price elasticity of demand.
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3. Q2 (b) Write short note on 'Determinants of demand'.
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4. Q2 OR Write short note on 'Law of supply'.
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UNIT - III

1. Q3 (a) Explain the law of returns to scale.
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2. Q3 OR Explain the producer's equilibrium with the help of isoquant.
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3. Q3 (b) Write short note on 'Production function'.
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4. Q3 OR Write short note on 'Types of cost'.
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UNIT - IV

1. Q4 (a) Explain price and output determination under perfect competition.
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2. Q4 OR Explain price and output determination under Monopolistic competition.
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3. Q4 (b) Features of monopoly.
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4. Q4 OR Write a note on 'Product differentiation'.
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UNIT - V

1. Q5 (a) Explain the demand and supply theory of rent.
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2. Q5 OR Explain the marginal productivity theory of distribution.
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3. Q5 (b) Write note on innovation theory of profit.
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4. Q5 OR Write note on Wage differentials.
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.