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    The document provides a list of 6 potential exam questions for a microeconomics course, with each question worth 10 marks. The questions cover topics such as the demand function and factors that determine it, the composition of the price effect into income and substitution effects, definitions of cost and derivation of short-run cost curves, wage determination under perfect competition, and the trade-off between work and leisure. Students must choose any two questions from this list to answer for the exam.

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    The document provides a list of 6 potential exam questions for a microeconomics course, with each question worth 10 marks. The questions cover topics such as the demand function and factors that determine it, the composition of the price effect into income and substitution effects, definitions of cost and derivation of short-run cost curves, wage determination under perfect competition, and the trade-off between work and leisure. Students must choose any two questions from this list to answer for the exam.

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    4 views1 page

    Core 1

    Uploaded by

    2248019
    The document provides a list of 6 potential exam questions for a microeconomics course, with each question worth 10 marks. The questions cover topics such as the demand function and factors that determine it, the composition of the price effect into income and substitution effects, definitions of cost and derivation of short-run cost curves, wage determination under perfect competition, and the trade-off between work and leisure. Students must choose any two questions from this list to answer for the exam.

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    of 1

    +3 - IS-CBCS-Arts(H) -

    Core - 1 (Eco.)

    2020
    Full Marks : 20
    Time : As in the Programme
    The figures in the right hand margin indicate marks.

    [10×2]
    Answer any two.
    1. What is demand function? Discuss the different factors that determine the demand function.
    2. Price effect is composition of income effect & substitution effect. Explain.
    3. Define Cost. Discuss the derivation of different short run cost curve.
    4. Critically examine the determination of wage under perfect competition market.
    5. Explain the trade-off between work & leisure in labour market.
    6. Define price elasticity of demand. Discuss different determinants of price elasticity.

    vvv

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