In this Post we have Uploaded 2022 Rabindranath University Hojai , Microeconomics Question Paper , B.Com 1st Sem . which Can be Very Useful For Your RTU B.Com 1 Sem Sessional or Final Examination.
(Sem-1) MEC-GE-1.1
2022
MICROECONOMICS
(GE)Paper: 1.1
(Microeconomics)
Full Marks: 80
Time: 3 hours
The figures in the margin indicate full marks for the questions.
Answer either in English or in Assamese.
1.Answer the following questions: 1×10=10
(a) What is the shut down point of a firm? (b) What is the point of inflection of a total product curve?
(c )Sugar and honey are close substitute of each other. If the pice of sugar honey ? what is expected of the demanded honey?
(d) When the Total Utility is maximum is_____.
(e) In an oligopoly, kinked demand explains,
(i) the ideal price
(ii) falling price
(iii) price rigidity
(iv) None of the above.
(f)At the point of tangency between budget line and indifference curve, the consumer
(i) maximises expenditure.
(ii) minimises expenditure.
(iii)derives maximum satisfaction with fixed income.
(iv)consumes only one good.
(g) A firm's demand curve is also known as:
(i) TR Curve
(ii) MR Curve
(ii) AR Curve
(iv) None of the above.
(h)Which of the following is true equilibrium price?
(i) There are forces that increase price
(ii)Decrease price
(iii) There is no pressure on price either increase or decrease on Price
(iv) Quantity supplied may extra quantity demanded.
(i) The MR curve of a perfectly compe firm is -
(i) perfectly clastic
(ii) perfectly inelastic
(iii) more than clastic
(iv) less than elastic.
(j)Which of the following could attract new firms to join an industry?
(i)Normal profits
(ii) Economic losses
(iii)Economic profits
(iv) Accounting profits.
Also Read :
2. Answer any five from the foll questions : 2x5
(a) Why is MR less than price when demand curve is downward sloping?
(b) Who is called a price taker in a period of competitive market structure and why?
(c) What causes monopoly ? Give reasons.
(d) Define opportunity cost. Give one example.
(e)Why does TP increase at an increasing rate at the first stage of production?
(f)What do you understand by price-war in an oligopolistic market structure?
3.Answer any four from the following questions : 5x4=20
(a) What is Price elasticity of demand ? Mention the factors determining price elasticity of demand. 2+3-5
(b)Discuss the main properties of an indifference curve. 5
(c) What is market demand commodity? Discuss any determinants of market demand.
(d) Discuss the relationship between Average Cost and Marginal Cost.
(e) What is producer's equilibrium?Mention the conditions of producer equilibrium.
(f)Define Oligopoly. What are its main features?
4.Answer any four of the following questions:
(a)Discuss the feature perfect competition. How price and output are determined by a firm in the long-run under perfect competition? 4+6-10
b) Explain the economies and diseconomies of scale. 10
(c) Give a diagrammatic explanation of the short-run monopoly equilibrium. 10
(d) Define an Isoquant. Discuss properties of an Isoquant with helo of appropriate diagrams.
(e) What is collusive oligopoly ? Explain behaviour of a cartel with the help diagram.
(f)What is consumer's equilibrium? Explain consumer's equilibrium with the help of indifference curves.2+8=10
(g)What is monopolistic competition? How does price and output are determined firm in monopolistic competition in short-run? 2+8=10
(h)State and explain the law of variable proportions with the help of an appropriate diagram. 2+8=10
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