B.Com. LL.B. (Five Years) Sem 1 Micro Economics 2023 Sep Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Define Microeconomics. What are its uses and limitations ?
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2. Q1 OR Explain the Law of Diminishing Marginal Utility.
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3. Q1 (b) Write short note on : The central problems of an economy.
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4. Q1 OR Write short note on : Equi-Marginal Utility.
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UNIT - II

1. Q2 (a) Explain Law of Demand and explain exceptions.
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2. Q2 OR Explain Law of Supply.
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3. Q2 (b) Write short note on : Price Elasticity of Demand.
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4. Q2 OR Write short note on : Arc-method and total outlay-method.
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UNIT - III

1. Q3 (a) What is isoquant ? Explain the producers equilibrium with the help of diagram.
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2. Q3 OR Explain the Law of Returns to Scale.
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3. Q3 (b) Write short note on : Production function.
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4. Q3 OR Write short note on : Economies of Scale.
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UNIT - IV

1. Q4 (a) What is Monopolistic competition ? Explain the price and output determination under the Monopolistic Market.
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2. Q4 OR Explain price and output determination under Perfect Competition Market.
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3. Q4 (b) Write short note on : Product differentiation.
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4. Q4 OR Write short note on : Features of Oligopoly market.
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UNIT - V

1. Q5 (a) Explain the classical theory of interest.
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2. Q5 OR Explain Quasi rent
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3. Q5 (b) Write short note on : Innovation theory of profit.
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4. Q5 OR Write short 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.