UNIVERSITY OF THE PUNJAB B.A. /BSc, Part-I r Annual Examination - 2018 * Subject: Economies-1 ‘TIME ALLOWED: 3 hrs. PAPER: Basic Mathematics and Micro Economics MAX. MARKS: 100 NOTE: Attempt FIVE questions in all, selecting TWO questions from Part-I ind THREE questions from Part-II. All questions carry equal marks. QNo (Draw tables and graphs ofthe following equations: 10 li). Define increasing function and decreasing function with the help of | 10 raph. Fautihorntirecs , he aude see ir v3, yee Q.No2 Ifthe market demand and supply function are given as: Qd=60-3P Qs=27-16 '), Find ou the equilibrium price and quantty, o ji). If the govt. impose a Tax of Rs. 3.00 per unit on the quantity on) supplied calculate the equilibrium price and quantity, ‘How much Tax is received by the Govt? How much Tax is paid (06) by the consumer?, MLL AION LENE SESH 2p Qd=60-3P Qs=2P-16 EPs wedbi (i Mb tee fe Ar LIMbg sd geoF SF ( Hen OPA better POV Le&. (ii @.No3 National income model is given as: 6.5.55) S=-40+04¥ 1=80 Find out equilibrium level of national Income ii). Prove S=1 ii), Find out Investment Multiplier. iv), Show the equilibrium level of Income graphically. edu dd S=-40+04¥ T=80 Sa1Shet i ember Sates CLAS PST ae bah Aili PTO.Q.Nos QNoS Q.No6 Q.No7 QNos Q.Noo Q.No10 If y=20+24x-2x7 4), Found out maxima and minima, i, U=11Q-¢ Find Q where utility is maximum ye20+2%4x-2 fi aS Selreq allie Sieve u=19-¢ Ai cqubetabg ALS arnSQ Define an Economie System- Discuss the salient features of Captalistic ‘Economie System. athipert Sbdwcwds fap sade ‘Show that price effect is @ combination of Income effect and substitution effect graphically. agen VS ALIMAMA TISE, ae Define monopoly. How price and out pu is determined under monopoly in the short run. nag tn LEC teld L Sanh 2 oP Lf 7 Siok! aaphosts Explain the theory of marginal productivity and erally examine its assumptions. ate SPhoboyP LV sl SSM PF What is Oligopoly? Explain the low cost price leadership model of Oligopoly. apFarinS LPNS op PEM Ae Snel ‘Write comprehensive note on any TWO of the following: 1), Revealed preference theory. i, Income consumption eure. i). Monopotitic competition. atl ep eter ibe PI wh OIG Av subu! Gi) a2) 08) tad 6,15) ofdir co) vue 615) “Adi 12,8) nadir 6.15) 9dr (20, 10) 104Uir