B.Com. LL.B. (Five Years) Sem 1 Micro Economics 2026 Jan Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Explain the law of equi-marginal utility.
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2. Q1 OR Explain consumer's equilibrium under indifference curve.
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3. Q1 (b) Write a short note on "Problem of Choice".
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4. Q1 OR Write short note on Micro Economics.
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UNIT - II

1. Q2 (a) Explain the law of demand. Discuss the reasons for the downward slope of demand curve.
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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 law of supply.
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4. Q2 OR Write a note on exceptions to law of demand.
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UNIT - III

1. Q3 (a) Explain the different concepts of cost.
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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 Explain the law of returns to scale.
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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) Write short note on features of Oligopoly.
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4. Q4 OR Write short note on Price Discrimination.
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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 demand and supply theory of rent.
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3. Q5 (b) Write a note on collective bargaining and wages.
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4. Q5 OR Write a note on Keynesian theory of interest.
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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.