Enrolment No.

End Semester Examinations Nov-Dec 2019

MIT School of Engineering
IV Semester B. Tech (Second Year) Computer Science & Engineering
17BTCS405: Economics for Engineers

Date : 16-12-2019 Max. Marks: 60

Time : 01.30 pm to 04.00 pm
Instructions for the Students:
1. Assume suitable data if necessary.
2. Use of nonprogrammable type of scientific calculator is allowed.
3. Do not write anything other than the Enrolment Number on the Question Paper.
4. Figures to right indicate the marks allotted to the questions.
5. Leave enough margin on all the sides and start each new question on a new page.

PART A
All Questions are Compulsory
(12 Marks)

Q. 1 a) Explain the term ‘Micro Economics’ [02]

b) Why do you think that, economics is important in engineering [04]

decisions?

c) What are the variable inputs required for the production? [02]

d) How does firm enjoys different economies of scale, because of [04]

having large scale production?

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 PART B
Attempt any THREE full Questions
(48 Marks)

Q. 2 a) Why total cost curve always starts from a certain point on ‘Y- [04]
Axis’?

b) Explain the long run behaviour of average cost and marginal [06]
cost with suitable diagram.

c) Sate the importance of revenue concepts in decision making. [06]

Q. 3 a) What is collusive and non-collusive oligopoly? [04]

b) Which feature do you think, will discriminate perfect [06]

competition from other types of market?

c) How the price discrimination is done by monopolist? Explain [06]

different bases of price discrimination.

Q. 4 a) Why the central bank is known as ‘bankers to the government’? [04]

b) ‘Recently many frauds and scams have taken place in Indian [06]
banking industry as well as many banks are suffering from
huge losses’. Review your view on different measures taken by
RBI as central bank of India.

c) Define money. Explain various functions of money in modern [06]

economy.

Q. 5 a) What are the different heads of expenses to be considered for [04]

calculating variable cost of the company?

b) ‘Monopolistic market is most realistic market’. Why do you [06]

think that product differentiation is an important characteristic
of a monopolistic competition?

c) How the commercial banks help to boost economy? [06]

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