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

M.A. SEM I JAN.18 (CHOICE BASE) ECONOMICS MICROECONOMICS I.pdf
PART I · 303 KB · 1 May 2025

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Older exam Jan 2017-18 - ECONOMICS OF DEVLOPMENT Semester-end · 2017 18 → Newer exam Jan 2017-18 - ECONOMICS MICRO ECONOMICS Semester-end · 2017 18 →

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Q.P. Code :05310
[Time: Hours] [ Marks:60]
Please check whether you have got the right question paper
N.B: 1. All questions are compulsory
2. Figures to right indicate full marks assigned to each question
Answer the following (any Two) 15
a) Discuss the axioms of rational choice
b) Explain the indirect utility function and its properties
c) Write anote on shepherd’s Lemma and Slushy’s equation
Answer the following (any tow) 15
a) Discuss the production function under varying propositions
b) Explain Profit maximization as objective of a firm
c) What are long run cost curves? Explain
Answer the following (any tow) 15
a) Discuss existence and sterility of general equilibrium
b) Explain first and second fundamental theorem of welfare economics
c) Explain the welfare effects of price changes
Answer the following (any tow) 15
a) Discuss price output determination under monopoly in short run
b) Write on natural monopoly
c) What is the importance of regulation of monopolies? Explain
Q.P. Code :05310
[Time: Hours] [ Marks:60]
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