DISTRICT RESOURCE CENTRE

MAHBUBNAGAR
PRE-FINAL EXAMINATIONS - JAN / FEB -2011
B.A.I yr. Micro Economics Paper – I
Time: 3 hrs Max. Marks 100

SECTION – A
I. Answer the following questions.
Each question carries 2 marks. 5 x 2 = 10
1. Partial equilibrium.
2. Giffen paradox.
3. Marginal production.
4. Discriminative Monopoly.
5. Quasi – rent.
SECTION – B
II. Answer the following questions.
Each question carries 8 marks 5 x 8 = 40
6. Explain the Theory of Wealth definition?
Or
How do you think Welfare definition is superior over the Adamsmith definition?
7. Explain consumer’s surplus with the help of diagram?
Or
What is the shape of crossed demand curve in the case of substitution and
complementary goods?

8. What is meant by price discrimination? Explain with help of diagram?

Or
Explain theory of Oligopoly with the help of kink demand curve?
9. Why the cost curves are in the “V” shape. Explain?
Or
Explain the different in between average Revenue and marginal Revenue curves?
10. Explain the theory of Recordo Rent?
Or
Explain innovation theory of profits?

[ P. T. O.]
 2

SECTION – C
III. Answer the following questions.
Each question carries 10 marks 5 x 10 = 50
11. Explain the importance of Micro Economics.
Or

How do you think Scarcity definition is superior over the remaining definitions;
Explain?

12. “Marginal Utility Curve” in another way called as “Demand Curve”; Explain?
Or
What is meant by elasticity of Demand? What are the various types of Elasticities;
Explain?
13. Explain the difference between Industry and firm equilibrium in the case of perfect
competition.
Or
How the price is going to be determined in the case of Monopoly? Explain?
14. Explain the theory of “Diminishing Returns to Scale”?
Or
Explain internal economies of a firm?
15. Explain “Marginal Productivity theory of Wages”?
Or
Explain classical Theory of Interest?

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 DISTRICT RESOURCE CENTRE
MAHBUBNAGAR
PRE-FINAL EXAMINATIONS - JAN / FEB -2011
B.A.I yr. Micro Economics Paper – I
Time: 3 hrs Max. Marks 100

SECTION – A
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SECTION – B

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[ P. T. O.]
 2
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SECTION – C

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