Monday, 10 July 2017



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DATE OF SUBMISSION 16/07/2018



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DATE OF SUBMISSION 13/07/2018



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DATE OF SUBMISSION 30/06/2018




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DATE OF SUBMISSION 08/06/2018




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DATE OF SUBMISSION 05/06/2018




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 DATE OF SUBMISSION 01/06/2018




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DATE OF SUBMISSION 03/01/2018




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DATE OF SUBMISSION 15/11/2017




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DATE OF SUBMISSION 06/11/2017



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DATE OF SUBMISSION 06/10/2017


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  DATE OF SUBMISSION: 28/08/2017                                 
                          Forms of Market and Price Determination
                            (Simultaneous effect of Demand and Supply)
1.       Explain the simultaneous Demand and Supply Shifts on Equilibrium quantity and Demand.
2.       Explain the simultaneous Demand and Supply Shifts (In opposite direction).
3.       Suppose the demand and supply curves of salt are given by: QD=1000-P and QS=700+2P.
Find equilibrium price and quantity.
4.       Consider the following demand and supply function of a commodity:
Qd= 100-P and  QS= 500+3P.


Find equilibrium Price and quantity.
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 DATE OF SUBMISSION: 18/08/2017                                      
                          Forms of Market and Price Determination
                            (Simultaneous effect of Demand and Supply)
1.       Explain the simultaneous Demand and Supply Shifts on Equilibrium quantity and Demand.
2.       Explain the simultaneous Demand and Supply Shifts (In opposite direction).
3.       Suppose the demand and supply curves of salt are given by: QD=1000-P and QS=700+2P.
Find equilibrium price and quantity.
4.       Consider the following demand and supply function of a commodity:
Qd= 100-P and  QS= 500+3P.
Find equilibrium Price and quantity
SUBMISSION DATE: 10/08/2017                                    
                                .
                                            Forms of Market and Price Determination- Market Equilibrium
1.       Explain Market equilibrium or price determination with the help of a diagram.
2.       Briefly explain the effect of shifts in demand and supply on equilibrium price and quantity.
3.       Graphically explain the effect of DD and SS on Perfectly elastic SS curve and perfectly elastic DD curve.
4.       Explain simultaneous effect of both demand and supply on equilibrium price and quantity.
5.       No selling cost are required on -------------
(a)monopoly (b) Monopolistic competition (c) Perfect competition
        6.    AR and MR curves are downward sloping in ------------
                a)monopoly (b) Oligopoly (c) Perfect competition
        7.    AR curve coincides with MR curve in-------
(a)monopoly (b) Monopolistic competition (c) Perfect competition
        8.   Nature of demand curve under oligopoly is-------
(a) less elastic (b) More elastic (c) Indeterminate
       9.   There is no difference between a firm and an industry in---------
(a)monopoly (b) Monopolistic competition (c) Perfect competition

 Forms of Market and Price Determination- Market Equilibrium
1.       Explain Market equilibrium or price determination with the help of a diagram.
2.       Briefly explain the effect of shifts in demand and supply on equilibrium price and quantity.
3.       Graphically explain the effect of DD and SS on Perfectly elastic supply curve and perfectly elastic demand curve.
4.       Explain simultaneous effect of both demand and supply on equilibrium price and quantity.
5.       No selling cost are required on -------------
(a)monopoly (b) Monopolistic competition (c) Perfect competition
        6.    AR and MR curves are downward sloping in ------------
                a)monopoly (b) Oligopoly (c) Perfect competition
        7.    AR curve coincides with MR curve in-------
(a)monopoly (b) Monopolistic competition (c) Perfect competition
        8.   Nature of demand curve under oligopoly is-------
(a) less elastic (b) More elastic (c) Indeterminate
       9.   There is no difference between a firm and an industry in---------

(a)monopoly (b) Monopolistic competition (c) Perfect competition


Date Of Submission: 25-07-2017

1
The factor causing extension in supply of a good is---------
(a)     Increase in number of firms (c)decrease in tax rate (c) increase in price of the goods
2
Coefficient of perfectly inelastic supply is --------------
(a)    Infinity (b)Zero (c) less than one
3
An increase in price of inputs will shift the supply curve-------
  (a)to its left (b)to its right (c) no change
4
The market supply of good is determined by--------
(a)excise tax (b) price of inputs (c)state of technology (d)all of these
5
When price of a commodity falls from Rs.12 per unit to Rs.9 per unit, the producer supplies 25% less output. Calculate Price elasticity of supply.
6
When Price of commodity is Rs.5 per unit, a producer supplies 10 units per day. If price rises to Rs. 10 per units, he is willing to supply 20 units per day. Calculate Price elasticity of supply.
7
Briefly explain Price elasticity of supply with suitable diagrams.

PRODUCER’S BEHAVIOR - SUPPLY
Date Of Submission: 05-08-2017

1
The factor causing extension in supply of a good is---------
(b)    Increase in number of firms (c)decrease in tax rate (c) increase in price of the good
2
Coefficient of perfectly inelastic supply is --------------
(b)   Infinity (b)Zero (c) less than one
3
An increase in price of inputs will shift the supply curve-------
  (a)to its left (b)to its right (c) no change
4
The market supply of good is determined by--------
(a)excise tax (b) price of inputs (c)state of technology (d)all of these
5
When price of a commodity falls from Rs.12 per unit to Rs.9 per unit, the producer supplies 25% less output. Calculate Price elasticity of supply.
6
When Price of commodity is Rs.5 per unit, a producer supplies 10 units per day. If price rises to Rs. 10 per units, he is willing to supply 20 units per day. Calculate Price elasticity of supply.
7
Briefly explain Price elasticity of supply with suitable diagrams.



Date Of Submission: 25-07-2017
COST

 1   When TP increases at increasing rate, MP-----------
2   When MP is more than AP
(a) AP rises (b) AP falls (c) AP is constant
3   Total production falls when MP-----------
4   Cost function of a firm is given below. Find out TFC, TVC, AFC, AVC  and MC
Output
0
1
2
3
4
5
6
TC
60
80
100
111
116
130
150
5   A firms fixed cost is RS.2000. Compute TVC, AVC, TC and AFC
OUTPUT
1
2
3
4
5
6
7
MC
2000
1500
1200
2000
2700
3500





Date Of Submission: 15-07-2017
Law of Diminishing Marginal Utility assumes the MU of money to be-----------
(a)increase (b) decrease (c)constant (d) None of these

2.
Utility approach is -------------
a)cardinal (b) ordinal (c)both a and b (d) None of these
1
3.
Demand of a commodity depends on----------
a)price (b) price of related goods (c)income (d) All of these
1
4.
Giffen Paradox is an exception of -----------
a)Law of supply (b) Law of demand (c)Law of production (d) Law of utility
1
5.
What do you mean by Indifference map?
1
6.
Explain the relationship between MU and TU with the help of a diagram
3
7.
What happens when Mux/Px > MUy/Py ? 
                                          OR
Explain the Law of Diminishing Marginal Utility.
3
8.
Briefly explain the assumptions of IC analysis
3
9.
Distinguish between Cardinal utility and Ordinal utility
3
10.
Why does Law of demand operates?
3
11.
Explain four properties of Indifference curve.
4
12
Calculate MU from the following TU schedule.
Units consumed
0
1
2
3
4
5
Total utility
0
16
29
41
52
62
4
13.
Briefly explain the changes in Budget line.
4
14
Explain consumer equilibrium with the help of Marginal Utility Analysis (Single commodity case).
6
15
Explain the exceptions to the Law of Demand.
                                        OR
Explain the Law of Demand with the help of diagram.
6
16.
Explain Hicksian analysis of consumer equilibrium.
6
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