ROMS Oe Eesnontey Pepts — (browns fe leery) Con. -33-07. PK-500 (3 Hours ) { Total Marks : 100 N.B. (1) Attempt any five questions. (2) Figures to the right indicate full marks. (3) Draw neat diagrams wherever necessary. 1. Explain the nature and scope of micro-economics. What are its uses ? 20 2. (a) What ave the main determinants of demand 7 10 (b) Explain the methods of measuring the elasticity of denand. 10 3. (a) Examine consumer's equilibrium with the help of indifference curve. 10 (b) Distinguish between the price effect and income effect. lo 4. (a) State and explain the law of variable proportions. 10 (b) Being out the behaviour of short run cost curves with the help of 10 diagram. ite short notes on any two of the following :~ 20 (a) Law of equi-narginal utility. (b) Consumers surplus. (c) Properties of indifference curves. (a) Laws of returns to scale. 6. (a) that are the objectives of a firm? 10 (b) Illustrate the Concept of Break-even analysis. 10 7. (a) Discuss the characteristics of perfect competition. 10 (>) show how a firm under perfect competition attains equilibrium in the 10 short-run. 8. Distinguish between monopoly and discriminating monopoly. 20 Explain the equilibrium of a firm under monopoly in the short-run. 9. What is Monopolistic Competition ? Explain the equilibrium of a firm 20 under monopolistic competition in the short-run and long-run. 10. Write short notes on any two of the following (a) Average revenue and marginal revenue. (b) Characteristics of monopoly. (c) Price discrimination. (a) Selling costs. 20 {TURN OVERParkr-ex07-03 Con.33-PK-500-07. 2 (aaret wate) ae: (8) Hdd we we visa. (2) sadedtat sie wef ger aire (2) saws 82 yaw sogeT sre, to yet adgrert req a am ere a, ae swat shod ? 2. (at) arn’ wee utes wt 7 (@) rd wafer wsorca vad FE wT 2. (@) Saget awren aera seataearem eigerTa what wT (a) Rena shor a sera aftorn aidter ee era. ¥. (8) seen warren feexia aT a Se a. (a) serena ad seid) saet aredten wert creat, Gretna tocar ete fer fr fever ~ (st) wa-Rerrie sritfirear faesia (@) saieerd aries (&) wart anid Afra (s) afer weaera fran. &, (H) sehrietet sft stort 7 (3) waRsea fede df deren ee wT. (a) yf ete Afirenish wal a. (a) ql eae sated oeraite dyen 8 oe a aoe. ¢. ata a fates wate aieardia gen win, waterta seteieder arenes aad ere aT ¢. natertiges raf rend are ? beng ela webride severe @ dhlanfees adit ee eT. go, erecta stored detec aire Bet rer = (31) woe oni a fasia ot (a) rarest afredt (#) Wwe (3) Pate, Re Ro Ro Re Ro Ro Ro Reo Ro Re Ro Re Re Reo Re