Micro Economics Question Paper' 2023, Dibrugarh University B.Com 1st Sem Question Papers

  Dibrugarh University B.Com 1st Sem Question Papers 2023

1 SEM TDC ME (CBCS) GE 101

COMMERCE (Generic Elective)

Paper: GE – 101 (Microeconomics)

Full Marks: 80

Pass Marks: 32

The figures in the margin indicate full marks for the questions

1. Choose the correct alternatives:    1 x 8 = 8

(a) Supply is _______ concept. (stock/both stock and flow/flow)

(b) The total expenditure does not change with change in price, when _______. (Ed < 1/Ed = 1/Ed > 1)

(c) The cost of one commodity in terms of the alternative given up is known as _______. (real cost/selling cost/opportunity cost)

(d) _______ cost increases along with the increase in production. (Average/Variable/Fixed)

(e) _______ is the example of fixed cost. (Labour cost/Electricity bill/Salary)

(f) For price taking firms, _______. (MR < P/MR = P/MR > P)

(g) Market price is _______ price. (short-run/both short-run and long-run/long-run)

(h) The firm and the industry are same in case of _______ market. (oligopoly/Monopsony/monopoly)

2. Write short notes on any four (within 150 words each):      4 x 4 = 16

(a) Engel curve.

(b) Long-run supply curve under perfect competition.

(c) ‘Dead-weight loss’ under monopoly.

(d) Business cartel under oligopoly.

(e) Antitrust laws.

Also Read: Microeconomics Question Paper Dibrugarh University

Microeconomics Question Paper 2019

Microeconomics Question Paper 2020

3. (a) What are indifference curve and budget line? Discuss the concept of consumer’s equilibrium with the help of indifference curve and budget line.       4 + 10 = 14

Or

(b) Discuss the concepts of Total Revenue (TR), Average Revenue (AR) and Marginal Revenue (MR) with appropriate diagrams. Explain why the average and marginal revenue curves coincide under perfect competition and sloping left to right under monopoly.                6 + 8 = 14

4. (a) Discuss the concepts of returns to scale with the help of iso-quant and iso-cost lines. What are ‘ridge lines’?     12 + 2 = 14

Or

(b) Explain ‘economic region of production’ concept with the help of total, average and marginal production curves (TP, AP and MP).        14

5. (a) Discuss the Walrasian and Marshallian stability analysis.       7 + 7 = 14

Or

(b) Compare and contrast perfect competition and monopoly market equilibrium. Why does the perfectly competitive firm have more equilibrium output but lesser price than monopoly market? Discuss.        10 + 4 = 14

6. (a) Explain horizontal and vertical integration of firms under monopoly.     14

Or

(b) Discuss Cournot’s duopoly model of oligopoly. Analyze the principles of pricing policy of public utilities according to Dalton.      10 + 4 = 14

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