University of Kerala Previous Years Question Paper & Answer

University : University of Kerala
Course : B.A

Semester : SEMESTER 1

Subject : Microeconomics I

Year : 2014

Term : JANUARY

Scheme : 2020 Full Time

Course Code : ECO 1B 01

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7. In a three sector circula 5 equal 0:1

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8. When MR is equal to 2270, the price © |

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9. The approach which compares the static pict?

of time. el of utility with different combinat;,.
10. The curve which represents the locus of same lev

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of two goods. ०० due to ch anges in the price ofa commod: .

11. The changes in the cons ption of 8 net
the consu
without changing the real income of |
۱ oquant to another as We change either ix:

12. Aline showing the movement from one 1500

factors or a single factor. 5

II. Short Answer Type questions Answer all nine ques

13. Positive economics.
14.
15.
16.
17.
18.
19.
20.
21.

Market supply.

Income elasticity of demand.
Marginal revenue.

Ordinal utility.

Strong ordering.

MRTS.

Expansion path.

Neutral technology.

171. Short essay or Paragraph type questions. Answer any five quest
Explai ۱ uestions .
22. Explain the determination of market equilibri ^ णव ‏بج‎
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23. Explain different types of price elasticity of d d
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24, Distinguish between normal inferior and
+ ani

income effects.

25. Explain the Cobb-Douglas Production functi
ction,

tions :

(9 x 1 = 9 weight

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