Micro Economics Question Paper 2022
Assam University BCOM 1st CBCS Pattern
TDC (CBCS) Odd Semester Exam., 2022
COMMERCE (1st Semester)
Course No.: COMGE-101T (Microeconomics)
Full Marks: 70
Pass Marks: 28
Time: 3 hours
The figures in the margin indicate full marks for the questions.
UNIT-I
In this post you wil get Micro Economics Question Paper 2022Â for Assam University BCOM 1st CBCS Pattern.
1. Answer the following as directed (any four):Â Â Â Â Â 1 x 4=4
(a) What is marginal cost?
(b) Write the formula for average cost.
(c) What is inelastic demand?
(d) The income effect is the change in the consumption of goods by consumers based on their income. (Write True or False)
(e) What is consumer equilibrium?
2. Answer any one question from the following:Â Â Â Â 2
(a) Define consumer behaviour.
(b) Define revealed preference theory.
3. Answer any one question from the following:Â Â Â Â 8
(a) Explain the nature of revenue under imperfect competition.
(b) Explain the importance of price elasticity of demand.
UNIT-II
4. Answer the following as directed (any four):Â Â Â Â Â 1 x 4=4
(a) What is expansion path?
(b) A/An _______shows all the combination of factors that cost the same to employ. (Fill in the blank)
(c) What is social cost of production?
(d) Economies of scale can be achieved in _______ ways. (Fill in the blank)
(e) What is return to scale?
5. Answer any one question from the following:Â Â Â Â Â 2
(a) Define duopoly.
(b) Define marginal rate of technical substitution.
6. Answer any one question from the following:Â Â Â Â Â 8
(a) Discuss the causes of increasing returns to scale and decreasing returns to scale.
(b) Discuss the different factors influencing economies and dis-economies of length-scale production.
UNIT-III
7. Answer the following as directed (any four):Â Â Â Â 1 x 4=4
(a) Write one characteristic of perfect competition.
(b) Define short-run equilibrium.
(c) What is supernormal profit?
(d) Write one difference between firm and industry?
(e) In perfect competition, all firms should sell a _______ product. (Fill in the blank)
8. Answer any one question from the following:Â Â Â Â Â 2
(a) What is stability analysis?
(b) Write two conditions of perfectly competitive market.
9. Answer any one question from the following:Â Â Â Â Â 8
(a) Explain the process of price-output determination under perfect competition.
(b) Discuss the Marshallian stability of equilibrium.
UNIT-IV
10. Answer the following as directed (any four):Â Â Â Â 1 x 4=4
(a) Write one feature of monopoly.
(b) What is price discrimination?
(c) Give one example of monopoly firm.
(d) In monopoly firm, MC _______ cuts MR _______ from below. (Fill in the blanks)
(e) Under what situation a monopoly firm can earn super normal profit?
11. Answer any one question from the following: Â Â Â Â Â Â Â Â Â Â Â 2
(a) State two assumptions of a monopoly market.
(b) What is shift in demand curve?
12. Answer any one question from the following: Â Â Â Â Â Â Â Â Â Â Â 8
(a) Explain, with diagram, how price and output are determined under monopoly.
(b) Write a brief note on demand and supply curves in case of a monopoly market.
UNIT-V
13. Answer (any four) questions from the following: Â Â Â Â Â 1 x 4=4
(a) What are dominant firms?
(b) Write one feature of monopolistic firm.
(c) What is price-leadership model?
(d) Define oligopoly.
(e) What is kinked demand curve?
14. Answer any one question from the following: Â Â Â Â Â Â Â Â Â Â Â 2
(a) Mention two conditions of monopolistic competition.
(b) State two features of oligopoly market.
15. Answer any one question from the following: Â Â Â Â Â Â Â Â Â Â Â 8
(a) Explain how a cartel determines price and output under collusive oligopoly.
(b) Evaluate economic efficiency of firms operating under monopolistic competition.
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