M.A. (Economics) Part I Sem I 2017 18 Jan 2017-18 ECONOMICS MICRO ECONOMICS Question Paper - Mumbai University | munotes

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Q2 Each question carries 15 marks
Q1 Discuss any two 15 marks
- a) The properties of consumers’ feasible set
- b) Income effect
- c) Choice under uncertainty
Q2 Discuss any two 15 marks
- a) The response of output to changes in scale of inputs
- b) C.E.S Production Function
Q3 Explain any two 15 marks
- b) Price and output determination under monopoly
- c) Stability of long run equilibrium in a competitive market
Q4 Explain any two 15 marks
- a) Causes of market failure
- b) Theory of Second Best
- c) Measuring the welfare effects of price changes
- Q.P. Code :07676
- A) SAM
Q2 HU
Q3 ea

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