Tine 153 14000 ‘so/s0/80/ April 2019 B. Com. I Year (3 Y. D, C.) Examination arantte arden we APPLIED ECONOMICS GROUP wren meres; ate eee Paper I; Micro Economics ‘Time 3 Hours| [Max. Marks ; Regular 40/ Private 50 [Min, Marks ; Regular 13/ Private 17 We: SE mye we ww htt rd Pe fe ae weg AE ae aft whorl Ure Pa ake Rrra aoe eae nt ayRTC ET | Section A, B and 3 Fad go Rie afafter wore nee & fallow the instr: C are compulsory for all Regular and Private students, Please ructions, given in each section, Marks distribution for all students are as shown in question paper. The blind candidates will be given 60 minutes extra time. WE A: AGS Section A: Objective Regular 5x1=5 / Private Sx1=5 1. agai ar tne Prefer safe avirer a dat & + oe (e) ser i) a aha eat Product pricing is the ..senmnn-0f Micro Economies (a) Characteristics (b) Type (e) Scope (a) None of these. 2. gear gt (@) D=F() Y= avira @ st (a) Dy =/ (Py) Py=X 7g A ae (a) Das) P= ag at eet (@) Dg= fq Py) T= aoa He | ‘The formula of price demand is : (ay D=f(Y) ¥= Income of Consumer ih) Dy=/(Py) Py=X Price of X Article () Daf (P) P= Price of Article (@) Dy=/ Py, Py, 1) T= Interest of Consumer. 3. va ot ar ay Pare fiver sere rE (x) afer (@) fart () Re (2) aR | Who propounded the concept of “Elasticity of Demand” (a) Marshall (by Smith (c) Hicks () Semueleon 4. wearer # afte & ere shoe BIT - (@) wat (a) fore EE (o) Pree @) Raaeeae | With the increase in production, the average cost : (a) Increases (b) Constant (e) Decreases (a) Non 5. Perr ras 2, Rr eet © of the above (a) ara a Rare (a) ered at Pom rarer (a) arte rere (@) Figo Rear The theory of distribution is also kaown as the theory of: (a) Justice (b) Factor pricing (c) Cost (a) Wages. wor w : ag serela Section B : Short Answer Regular 53-15 / Private G3, 1s 1. afte cot erate areferen & seer wR | we ihe difference between Macro Eeonomies and Miero Eronomies mrt OR apr are Pe rT FH rT TE FAT | Write the difference between Inductive ab Deduetive method, RTO.2 153 2. Reh ng tom at R moniter eet ams aye acai at are | Describe the main fhetors affected to demand of any commodity, srrat OR Set am eT ART a HTC aA eae? Why does the Demand Curve 3. nim ote sucititer aargt | Explain the utility of Elasticity of Demand, always slope downward to the right ? 4 ween & aes & er aft Rritme aret | Explain the characteristics of land as a factor of production wen OR Serres gH ar ees EET | Diseuss the importance of capital in production 5. nner 8 arare an aiit-ar ey arate atafier 2 ? Which form of Market is more popular in India ? azar OR after searerer fem ona ara OTT | Describe the five concept of Marginal Productivity Theory, ave w : att gett Section C : Long Answer Lah sete fr afta fire ger eet Perret RTE | Give the definition of Micro Economics and write ils characteristics, orear OR eben spe aera Ms pT a aN TET | Explain the marits ancl demerits of Inductive Method of economic study. 2, wie Pre ant © ? ate sree wena 1 http://www davvonline.com What do you understand by Demand ? State the types of demand, amt OR ser a Fpeey war 7 er Perr fe res sora Tea fae What is Law of Demand ? Explain the major exemption of this law. 3. ater at ie are tig mT A Sh HO ee Fat oh er te | Define Blasting of Demand, Disease the main sith atopy eee sly ag elasticity of demand are cea er Fee | A HTT HTT ATH he a paw of Diminishing Retwrs, is dug scare, eS omer Afee 1 ada Aen EACH TBA Rents rote weet #2 ewer ae yar are the factors on which accumulation of oa Define Capital yea OR agar bP me Tee TE TATE TT TTT TE | Whee is Cost of Production ? Which its types and explain the importance of Opportunity Cost? or ATRL | 5, aor aera Prt ged B 7 eh Tat What do you mean by Market Structure? Exain its elements, ere? got aferabter fr an it rere oe ater iy yaa Prafita eer 7 How price are determined under Perfect. Competition in short-run and long-run ? Regular 5x4=20 / Private 5x6=30 Pte wtf | ital depends ? Explain, 80/80/80/40 14000