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BBA-103

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BBA-103

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Roll No.

BEA-103(N)
8. 8. A. @irst Semester)
EXAMINATIONg Dec., 2019
(New Course)
Paper Third
I PRINCIPLE OF ECONOMICS

Time : Three Hours| .|Masimum Marks : 70


Note : Attempt questions from all Sections as directed.

Inst. : The candidates are required to answer only in


serial order. If there are many parts of a question,
answer them in continuation.
Section-A
(Short Answer Type Questions) ri
Note : All questions are compulsory. Each question carries
3 marks.

I. Explain the following :

(A) Marginal theory of utilities.


(8) Law of demand elasticity.
(C) Price discrimination u.nder monopoly
competition.

(C-38) P. T. 0.
I2I BBA-103(N) [3]

(D) Difference between micro economics and macro 7. Explain the features of oligopoly. How price and
economics. output decisions are taken under monopoly ?
(E) Production function.
8. How. is price determined in the short and long periods
(F) Write the concept of profit maximization. under conditions of the perfect competition ?
(a) Law ofretum.
9. Derive average cost and marginal cost from total cost
(11) Break-even analysis.
curves with the help of suitable diagram.
(I) Margi.nal productivity theory of distribution.
(J) Various concepts of national input and output.
• Section-B
a.ong 'Answer Type Questio]is)
Note :Attempt any two questions. Each question carries
10 marks.

2. Define national income. What are the various methods


of measuring the national income ?
3. "Profit is the payment for uncertainty bearing."
Discuss.
4. Critically evaluate the Keynes liquidity preference
theory of interests.
5. How is Ricardian theory of rent different from modem
theory of rent ?
Section-C

(I,ong Answer Type Questions) '


Note :Attempt any ni;a questions. Each question carries
10 marks.

6. Critically examine the Marginal Physical Productivity. BEA-103(N)


i'500
(C€8) (C-38)

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