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    14 views8 pages

    Ecm 303a

    Uploaded by

    Aman Utpal
    J

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    Total No. of Printed Pages : 8 | M/Sem. Ii/153 Roll No. .. M. A. Semester III Examination, 2013-14 ECONOMICS Paper : ECM-303A (Applied Microeconomies-) Time : Three Hours} I Full Marks : 70 [Write your Roll No. at the top immediately on the receipt of this question paper. ] Note: This question paper consists of three Sections : A, B and C. All questions are compulsory. aa yet a a ga de Ge Fs wad Te wet oars & | SECTION~A argo Note: This section has five questions of 2 marks each. Fach question is to be answered in maximum 50 words. P.T.O, M/Sem. 1l/153 Fa wes A ghey wer By wet wea 2 tad woke eT at Sere OFT 50 Tel A RE 1. Explain the following Prafeftaa a amen aie (a) Estimation of Engel's function Poe Gar wr ame (©) Per capita linear Engel function. wR aie tity (Rarer wa (©) Linear production function. da gees wer | (4) Linear cost function. Yaa arma wert (e) Cross-Section Versus time-series data. srgueercnre ara wre mie | SECTION -B Ws-a Note: This section has three questions of 10 marks each with internal choice. Each questions is to be answered in maximum 250 words. wa wre 8 orate aes afta dig wer 21 wate SHH ar oR aifteray 250 reat A fore | (2) MiSem. 11153 2. Give the specification of linear-log form of Engel function and obtain the value of the Engel expenditure elasticity. adrian Yaa wer B wu wr veda a ae Woe aa ata at gers sfire | on ‘sere Using diagram derive demand curve from price consumption curve (PCC) for anormal good X. firs aft waraat & dhe wih Yer (PCC) BX ay, Samra ay 8, & fey Hin aw aes af 3. Describe the own-price, cross-price and income elasticity of demand for linear and log-log demand functions. dra ud air-citt diy wart & fery ea, aS aprre yd oer A ered wor geht wre | OR sere Prove that in Cobb-Douglas production function 0 Kit where Y= Production X, = Labour X, = Capital (3) P.T.0. M/Sem. 1/153 Per capita specification is one of the remedial measures to overcume the problem of multicollinearity between X, and X, wife afore fe sia sre senea we by yb ¥ — by xix! AX, MX, 6 Hey agERTET A WH ot we Be ota aatae rater 8 | 4, Prove that in empirical studies, the consumption function is estimated though the partial adjustment wid aifry fH anaee sear Yom Gory ar srawert onftrs warator fA ger fg ae 81 oR aaa Given the Cobb-Douglas production function Yo by xbixbe where Y= output, X; = labour, X, = capital (4) M/Sem. |I/153 (i) Estimate that MP,, and MP,, are inversely related to labour and capital input. (i) The elasticity of output with respect to labour and capital will be constant. Re Ay we-STee SN Fe A Y= dy xPixB rel Y = Gea, X, = 74, X, = PT 8, @ sewer Sy fe or at aera wed gy MP, V4 MP, 7H Ud HY Robs ws ara 81 (i) FF Wa Ft 8 war Gore ote Rex ehh) SECTION ~C ws -8 Note: This section consists of two questions with internal choice. Each question carries 15 marks. wa as 4 ara var afta at ga 81 yea wea 15 sat a1 31 5. What is two-stage budgeting procedure ? Specify that in the first stage, consumers allocate their budget to broad commodity groups while in the second stage (5) P.T.0. MW/Sem. 111153 consumers allocate their budget to specific foud items within the food group. fa-aver wafer vier gar 8 ? wecka ary PB ger aw Yo sien ot are ao Raw fege deg ae W aed & wale de ae A oman ait ave af fio Grea Wye S arrfa fare wer Hat WR wa ay oR arn Ane most commonly used torm of demand tunchon in applied research has been the constant elasticity demand function Ox =byPet PP Me Prove that b,. 6, and hy are elasticities of demand which are assumed to remain constant, where Q, = quantity demanded Py + own price P, = related price and M s income. (6) MiSem. 11V/153 orga ate 4 uara wi a fer cha are sir wert Ox = bore BP mM a ver eer 8) fe afore PH by by eM B, HiT A ca E ce A Rex veh 8 fer Q, = Teg AT HiT OT ag APT P= RO P= wafer art M=

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