BA Marathi And English SEM I 2016 2017 Feb 2017 ATKT ECONOMICS Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Answer the following questions. (Any 2) 15 marks
   • (A) Explain any two Basic tools of Economic Analysis (B} and explain the concepts of Wealth & Welfare
   • (C) Define the concept of Partial Equilibrium & its Merits & Demerits
2. Q2 Answer the following questions. (Any 2) 15 marks
   • (A) Explain the determinants of Demand
   • (B) Describe the Income Elasticity of Demand
   • (C) Explain any two properties of Indifference Curve Answer the following questions. (Any 2) (15)
   • (A) Explain the Internal Economies of Scale
   • (B) Discuss the Law of Variable Proportion
   • (C)State two properties of Iso quants Answer the following questions. (Any 2) (15)
   • (A) Describe the Limitations Of Micro Economics iB). Explain the concept of Surplus
   • (C) Why is the Long Run Average Cost Curve (LAC) always U shaped?
3. Q5 , Write explanatory note on: (Any 2) 7 (A) Uses of Micro Economics 15 marks
   • (B) Cross Elasticity of Demand

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