Q.

A.Give an economic term.

derived from computer after completing computer training

Utility

2 The cost incurred by the firm to promote sales.

3. Demand for factors of production.

4. Graphical representation of demand schedule.

5. The economic variable of macro quantities

B. Complete the co-relation. (5)

1.Salt:Necessary goods:: Diamond

2.Price taker: : Price maker :Monopoly.

3. Total cost: TFC +TVC ::Average cost

4.
Microeconomics Tree ::Macroeconomics:

5.Perfectly elastic demand EDo :ED = 0

Q.2

A. Identify & explain the concept from the given illustration (any 2) (4)

1. Deepti went to beauty parlour to cut her hair.

2.Tanu has bought most desirable Apple I

phone 13 pro.

3. Governmentcollect wholeinformation aboutpopulation through census.

B. Distinguish between (any 2) (4)

1. Total utility & Marginal utility

2. Expansion in demand & contraction in demand.

3.Perfect competition & Monopoly.

Q.3 Answer the following questions (any 2) (8)

1. Explain the features of monopolistic competition.

 2.
Explain the features of macroeconomics

3. Explain the geometric method of

measuring elasticity of demand
Q4 State with reason whetheryou agree or
disagree with the following
statements.
(any 2)
(8)
1. Thereis difference
betweenstock & Supply.
2. Various factors
influence the of demand.
elasticity
3.The
scopeof microeconomics is
unlimited.
Q.5 Studythe following table
below.
/figure /passage & answer the questions
(any2) given

1. Study the (8)

following table & answer the questions
given
below.
UNIT OF COMMODITY T.U
M.U
30

20
60
10

50
Questions

1.
Completethe given table.
2. Draw M.U
curve with the
help of M.U schedule.

2.
Studythe following & answerthe questions
diagram
given belowit.

Quantity demanded
duanity demanded

Prce

Quam ty demanded
demamded
Qvant ty
 of Demand
1.Identily the Elasticity shown in diagram A
,C d

3.0bserve the table ana answerthe

questions.

Price of banana (per| Demand

Supply Relation between
Dozen Jin Rs. (in Dozen)
in dozen) DD &SS
10 500
100
20 400
DD SS
30 300 300
40 200 400 DD SS
50 500 DD SS

1) Fill in the blanks in the above schedule.

2) Derive the equilibrium price from the above schedule with the help ofa

suitable diagram.

Q.6 Answer in detail (any 1) (8)

1.. State & Explain the law of demand with its exceptions.

2.State & Explain the law of supply with its assumptions.