Scribd
Upload
219 views2 pages

Microeconomics (Question Paper2021)

The document outlines the examination structure for the B.Com. Honours 1st Semester in Microeconomics at the University of North Bengal for 2021. It includes three groups of questions, with Group A requiring answers to two questions worth 12 marks each, Group B requiring answers to four questions worth 6 marks each, and Group C requiring answers to four questions worth 3 marks each. The topics cover consumer equilibrium, input combinations, price discrimination, and various economic models and concepts.

Uploaded by

ky991876
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
219 views2 pages

Microeconomics (Question Paper2021)

The document outlines the examination structure for the B.Com. Honours 1st Semester in Microeconomics at the University of North Bengal for 2021. It includes three groups of questions, with Group A requiring answers to two questions worth 12 marks each, Group B requiring answers to four questions worth 6 marks each, and Group C requiring answers to four questions worth 3 marks each. The topics cover consumer equilibrium, input combinations, price discrimination, and various economic models and concepts.

Uploaded by

ky991876
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

UG/CBCS/[Link]./Hons./1st Sem.

/Commerce/COMGE1/2021

UNIVERSITY OF NORTH BENGAL


[Link]. Honours 1st Semester Examination, 2021

GE1-COMMERCE
MICROECONOMICS
Time Allotted: 2 Hours Full Marks: 60

The figures in the margin indicate full marks.

GROUP-A

Answer any two questions from the following 12×2 = 24

1. Explain consumer’s equilibrium with the help of Indifference Curve and Budget 12
Line.

2. Explain with diagram how the optimum input combination to produce a given 12
level of production is determined.

3. (a) When is price discrimination possible and profitable? 6+6


(b) Illustrate with diagram the long run industry supply curve in perfect competition.

4. (a) Discuss how long-run equilibrium is achieved by a firm under monopolistic 6+6
competition.
(b) Distinguish between Collusive and Non-Collusive Oligopoly.

GROUP-B

5. Answer any four questions: 6×4 = 24

(a) Derive demand curve through Revealed Preference Theory. 6


(b) What is Expansion Path? How can the equation for this path be derived? 2+4
(c) Why is supply curve not an operational concept in case of a monopoly firm? 6
Explain with diagrams.
(d) Show the relationship between AR, MR and elasticity of demand with a linear 6
demand curve.

1020 1 Turn Over


UG/CBCS/[Link]./Hons./1st Sem./Commerce/COMGE1/2021

(e) Explain why two Indifference Curves cannot intersect each other. 6
(f) Briefly discuss the Cournot Model of Oligopoly. 6

GROUP-C

6. Answer any four questions: 3×4 = 12

(a) Distinguish between MRS and MRTS. 3


(b) If MR = 2 and ed = 2, then find out the value of AR. 3
(c) How are the demands of complementary and substitute goods affected following 3
a change in the price of a related good?
(d) What do you mean by increasing returns to scale? 3
(e) What are the assumptions of a perfectly competitive market? 3
(f) Briefly discuss the Technological Economics of large scale production. 3

——×——

1020 2

You might also like