HS Ist year Microeconomics : Questions paper of half yearly Test ( English mediurn) Q1 Questions for 1 Mark each t= 10 a) What is microeconomics ? b) Define ave ( Average Variable cost) . ©) what do you mean by Arithmetic mean? d) Fixed costis remains constant at ail level of output . ( True / False) €) What is a Questionnaire? ) Define Perfect Competition. 9) TVC + TFC =? h) Give one example of substitute good i) what do you mean by Diagrammatic presentation? j) What is the alternative name of Marginal cost? Q.2.Questions for 2 Mark each 2) State the law of demand . b) Mention any two merits of Diagrammatic presentation ¢) What is Primary data ? Give an example d) state Two features of perfect competition. @) Discuss briefly the concept of opportunity cost. QUESTIONS FOR 4 MARK EACH 3. What are the different types of Demand ? 4 Distinguished between Sampling Method and Census Method.5. Find TFC, AVC, TVC , and MC from the following data Units of output a 1 2 Total cost = 75. 95. 110 6. What are the factors that affect the demand for a commodity? 7. The following data show the marks secured in Economics by 1 St year students Compute the Arithmetic mean: Class of Marks: 10-20. 20-30 30-40 40-50 50-60 No.Ofstudents: 5 10 20 15 10 ‘Questions for 6 Marks each ‘Sx6=30 8. Discuss briefly the Relationship between Total cost , Total Fixed cost and Total Variable cost. 9. From the following information draw a pie diagram, items Expenditure Food. 300 Clothing 600 Rent. 1200 Medical bill 1500 Miscellaneous. 400 10. The following information relating to the population of a city in 5 different years You are required to draw a simple bar diagram. Year. Population ( in Crores) 1981 65 1991 80 2001 110 2011 1252021 140 11. Distinguished between Primary data and Secondary data 12. Explain the terms : Elastic, Inelastic , Unitary Elastic, Perfectly inelastic with examples