4907 No af Pages : 2 Gourse Code : 190306 Roll No: (To he filled in by the candidate) PSG COLLEGE OF TECHNOLOGY, COIMBATORE 641 004 SEMESTER EXAMINATIONS, MAY 2023 BE / BE(SW)/ BTech -AUTO/ BIOMEDICAL / CIVIL /CSE/ ECE / EEE /1&CE/ MECH /METY/ PROD / ROBOTICS / BIO TECH / FASHION /IT / TEXTILE. Semester : 3/5 190306 ECONOMICS FOR ENGINEERS Time :3 Hours Maximum Marks : 100 INSTRUCTIONS: 1. Answer ALL questions. Each question carries 20 Marks. 2, Subdivisions (a)(i) and (a)fii) carries 2 marks each, subdivision (b) carries 6 marks each and subdivision (c) carties 10 marks each, 1, a) i) Write the meaning of capital il) List any two assumptions made in economic theories. b) Distinguish between positive and normative economies with examples, ¢) How does the economic concepts help an engineer in decision-making? Explain, 2. a) i) Compare elastic demand with inelastic demand. il) Identity the factors affecting supply of a commadity. b) Qutiine the properties of indifference curves with appropriate diagrams, ¢) The data of price and quantity demanded are given below. Estimate the demand function for the product Y=8 .«B,X4u. Forecast the demand when price increases to As, 15. Guantiy (in T | | “0s) 20 18 19 W 16 15 13 Price (in Rs.) 6 | 8 | 7 9 [| 0 [| 12 3. a) 1} Differentiate between fixed cost and variable cost. il) Recall the meaning of isoquarnts. b) Analyse the law of returns to scale graphically. ¢) From the table given below you are required to calculate TC, AFC, AVG, AC and MC. Output | FC VG TC AFG | AVG AC MG (inunits)|_(Rs.) | (As) | (As) | (Rs) | (Rs) | (Rs) | (Rs) 0 80. 0 1 80. 30 2 80, 38 3 80. 42 4 80, 46 3 80, 58 6 80, 71 _ 7 80. a7 Page No. : 14907 No af Pages : 2 Gourse Code : 190306 4. a) 1) List the typos of price discrimination. il) Give the meaning of duopely market with an example, b) Summarise the characteristics of Oligopoly market. ¢) 1) Examine the short-run and long-run equilibrium of firm and industry under perfect competition. (OR) il) Demonstrate the price-output determination under monopolistic competition with diagrams. 5, a) i) Name-the primary functions of money. il) Specity the difference between GDP and GNP. b) Highlight the causes of demand-pull inflation. ¢) i) llustrate the stnicture and tunctions of RBI in Indian banking system. (ory jl) Enumerate the methods of measuring national income in India. What are the problems in measuring national income? END FDRL Page No. : 2