Bachelor of Arts (B.A.) SEM I 2016 2017 Oct 2016 ATKT ECONOMICS Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Answer the following questions. (Any 2) 15 marks
   • (A) Describe the Limitations Of Micro Economics
   • (B) Explain the Positive and Normative Economics
   • (C) Explain any two basic tools of Economic Analysis
2. Q2 Answer the following questions. (Any 2) 7 (A) Explain the concept of Consumer’s Surplus 15 marks
   • (B) Write any two properties of Indifference Curve
   • (C) Discuss the types of Price Elasticity of Dermand
3. Q3 Answer the following questions. (Any 2) Why is the Long Run Average Cost Curve (LAC) aiways U shaped? 15 marks
   • (B) Expiain the Law of Returns to Scale
   • (C) Explain the following concepts
4. Q4 Answer the following questions. (Any 2) 15 marks
   • (A) Write a note on Wealth & Welfare
   • (B) Cross Elasticity of Demand
   • (C) Discuss any two properties of
5. Q5 Write explanatory note on: (Any 2) 15 marks
   • (A) Scope of Micro Economics Determinants of Demand Economies of Scale

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