BA Marathi And English Sem III 2019 2020 Oct 2020 ECONOMICS II Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Answer the following questions. (Any 2) 20 marks
   • (A) Explain the Law of Equi- Marginal Utility
   • (B) Write the Properties of Curve
   • (C) Describe the Income Effect
2. Q2 Answer the following questions. Any 20 marks
   • (A) Explain the Cobb-Douglas Production Function
   • (B) Write Law of Returns to Scale
   • (C) Discuss the concept of Producer’s
3. Q3 Answer the following questions. (Any 2) 20 marks
   • (A) Explain various concepts of Costs
   • (B) Describe the behavior of costs in the short run and the long run
   • (C) Explain the relationship between TR, AR and MR curve under Perfect Competition
4. Q4 Answer the following (Any 2) 20 marks
   • (A) Write the characteristics of competitive Market
   • (B) Explain the Equilibrium of the Firm in Competitive Market
   • (C) Discuss the concept of Surplus
5. Q5 Write explanatory notes (Any 2) 20 marks
   • (A) Consumers Scale of Preference with respect to strong and weak ordering
   • (B) Law of Variable Proportion
   • (C) Implicit and Explicit Costs
   • (D)Producer’s Surplus

Read from the scan above, so a character or two may differ. The scan is the original.