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- Important questions and guess paper of Economics for B Com 1 for 2016 by Ahsan Khan
Posted by : Ahsan Khan Monday, 16 May 2016
GUESS PAPER FOR ECONOMICS
PART – I Examination 2016
Examination: - B. Com.
Subject: Economics TIME ALLOWED: 3 hrs.
Paper: BC-303 MAX. MARKS: 100
Attempt any FIVE questions.
All questions carry equal marks.
Q. 1. Explain the Law of diminishing marginal utility with the help of schedule and diagram.
Q. 2. Explain the Consumer’s Equilibrium through Indifference Curve Analysis.
Q. 3. Define Elasticity of Demand. Discuss any three methods to measure elasticity of demand in detail.
Q. 4. Explain the law of Variable proportion with the help of Schedule and Diagram.
Q. 5. Define monopolistic competition? Discuss various possibilities of equilibrium of the under it.
Q. 6. Critically examine the marginal productivity theory of factors pricing?
Q. 7. What is national income? Discuss various methods in detail to measure it.
Q. 8. If total cost = TC = C = Q3 – 6Q2 + 150Q + 1000, find the following:
(a) Fixed cost
(b) Variable cost
(c) Average Fixed cost
(d) Average Variable cost
(e) Average cost or Average total cost
(f) Marginal cost
(g) Marginal and Total variable cost if 10 units are produced
(h) Slope of Marginal and Average cost
(i) At what Quantity Marginal cost = Average variable cost
(j) Is the cost function a long run cost function?