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Fffi:-Ffid Ffirffi F T T: Ffitqt

This document contains a question paper for a Principles of Economics exam. It has 4 printed pages and consists of 8 questions worth a total of 75 marks. Students must attempt any 5 questions, with each question worth equal marks. The questions cover topics like production possibility curves, law of equi-marginal utility, demand curves, price-consumption curves, monopoly, public goods, and short notes on supply curves and economic concepts.

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103 views4 pages

Fffi:-Ffid Ffirffi F T T: Ffitqt

This document contains a question paper for a Principles of Economics exam. It has 4 printed pages and consists of 8 questions worth a total of 75 marks. Students must attempt any 5 questions, with each question worth equal marks. The questions cover topics like production possibility curves, law of equi-marginal utility, demand curves, price-consumption curves, monopoly, public goods, and short notes on supply curves and economic concepts.

Uploaded by

ghsjgj
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
You are on page 1/ 4

This quati.on paper contains 4 printed pages.

1263 Your Roll No.

B.Com. / I G-r

Paper Code : A-104

Paper ry- PRINCIPLES OF ECONOMICS

Time: 3 hours Maximum Marks : 75

'*':::::i::;*:",:::;:T;r',;'',
Nore:- Answers may be written either in English or in
Hindi; but the same medium should be used
throughout the papen
i:qufr.- Fs qnrql fir a.tr{ erAFfr qr f&7 ffi (6
qM dt E?'eq ae? srt? sf,d dfi art4q q:6 d
al+ qrft'q I

NorB:- The maximum marlcs printed on the question


paper are applicable for the students of regular
colleges (Cat. A). These marlcs will, however, be
scaled up proportionately in respect of the
students of SOL at the time of posting of awards
for compilation of result.
fffi:- swr-w w ei6d Trtt6 ffid 6fffi (M A')
+ ffirffi * ft?-a. r€r4)-q t r drrfr + €ji$
soL + ffitqT * sqer f -{+ qfrarTq +
w6{q t ft?"} fi5a. erfltffiq t sq-+ rd sat
qryqfdt sq + atfa6 dtl r
P. T. O,
t263 2

Anempt anY five questions.


All questions carry equal marl<s-

ffi'qf?vfl# # rar dFrqr


glf'ftqi t 316 sqn f,1

1. Explain how the problem of scarcity can be depicted


by the production possibility curve- Show the
difference between:

strrfi tiql4qr {fi 6t s6r{rdT t gdrcr 41 gqsl d


+.t E{rfqr qT rttrttt t, sftn{q I si-fi {frr{q:
(u) Movement from a point within to a point on the
production possibilitY boundary
.\.e
Tf,{rfi €$nEHT {fr + eiqt qs fiifg t eifi T{ Rrd
1et fi{-E tR IIHT
(b) Movement from a point to another point both on
: the boundary.

sf,nfi {iqt-d{r Erd; rR ferd !F fqg t Erqi qt d fFrd


qd liig rR Elt;TT | 15

2. (a) Explain the law of equi-marginal utility- Show how


the demand curve can be derived from the
marginal utilitY curve.
sq-€tqtd BqfrFjrar + Frqid +1 trqgrgq I Sqff,
srfrFrdr rfi + qi?T qs *;il qrq Fq;qr qr €zFtTT
tz
(b) Explain the diamond-water paradox'
3 t263

ftr-qffi Rqrqrs +t qrcqr *tffiq r 10,5

3. (a) Explain diagrammatically the price consumption


curve and deiive the'demand cunre from it for a
normal good.

*i'Td sq*rr rfi +} f{d + qrqrT t sqgrgq q


Wt q+, srnq qq + feq qpr erifi *t r*+r
*?rqq r

(b) Explain and draw indifference curves in the case


of perfect substitutes and perfect complements.

T16; qfMd qqoif q Tfo, qrs rqetf + fdq


ilRrdT *F Cq-gq q sTflr{q I
10,5

4' (a) Diagrammaticalry show a firm's equilibrium


with
the help of isoquants and isocost line.
Trrr rflrq Ertr Ef Trq drrrd tgr sl {l-€Frfir t w
q.C + R-{-fi qil qfu{
{rwr{q I

(b) What do you mean by expansion path?

FRT{ qer + eTTrr Frr srfl} t? 10,5

5. (u) "The long-run equilibrium of a competitive


industry occurs when firms are earning zero
profits." Elaborare.
'qs' qfrrsfr B-dl-rr {Ef6rd C re s-f6 t en-m t
qq qfr uil vl3 dr$T erFfu 6{ td tfr t r,,
{Tfrr{q ,,
,. T. O,
1263 4

(b) Draw and explain short run supply curve of a firm.


srsFsltt fr q* WC *l fd *x ET {Frfr{q I

6. Distinguish between monopoly and dir*i.ir"li?;


monopoly. How are prices determined under simple
monopoly? Explain diagrammatically.

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*
qfirFr+.rt m.C +,,+ B{sfl stcrd trqtR" +.rfr t ? sFr
qtrflr{q I 15

7. Define public goods. What is a free-rider problem?


How does the existence of public good lead to market
failure?
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Trrren Hr t ? qrfur+ qKq *-S er{R eftFftrdT $T
6,RUr ffidl t? 15

8. Write short notes on any two of the following:

(a) Backward bending supply curve of labour


(b) Economic rent
(c) Adverse selection and moral hazard.

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(a) ettt s't qt$ sl *t {Er Es{r {frf Tfi
(b) 3TIRfq drrH
(") qffr{'q grrq q ifrq aq-eqn r 15

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