B.Com. LL.B. (Five Years) Sem 1 Micro Economics 2025 Jun Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) What is Micro economics ? Explain the scope, uses and limitations of Micro economics.
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2. Q1 OR Explain the Law of Diminishing Marginal Utility.
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3. Q1 (b) Write a note on consumer surplus.
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4. Q1 OR Write a short note on Income effect and Substitution effect on normal goods.
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UNIT - II

1. Q2 (a) What is Demand ? Explain the Law of Demand, with exceptions.
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2. Q2 OR Explain the different types of elasticity of demand.
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3. Q2 (b) Explain the Law of Supply.
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4. Q2 OR Write a note on determinants of demand.
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UNIT - III

1. Q3 (a) Explain the Law of Variable Proportions.
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2. Q3 OR Explain the Law of Returns to Scale.
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3. Q3 (b) Write a note on Economies of Scale.
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4. Q3 OR Write a note on Production Function.
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UNIT - IV

1. Q4 (a) Explain the price and output determination under perfect competition.
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2. Q4 OR Explain the price and output determination under monopolistic competition.
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3. Q4 (b) Write a note on Price discrimination.
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4. Q4 OR Write a note on product differentiation.
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UNIT - V

1. Q5 (a) Explain the marginal productivity theory of distribution.
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2. Q5 OR Explain the classical theory of interest.
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3. Q5 (b) Types of collective bargaining.
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4. Q5 OR Write a short note on "Risk and Uncertainty Theory of Profit".
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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.