C 33371 (Pages : 4) 1

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FIRST SEMESTER B.A. DEGREE EXAMINATION, NOVEMBER 2017
(CUCBCSS—UG)
Economics
ECO 1B 01—MICRO ECONOMICS—I
Time : Three Hours Maximum : 80 Marks
Answers may be written either in English or in Malayalam
Part A

Answer all questions.
Each question carries 34 mark.

1. Ceteris paribus means :
(a) Other things remaining constant. (b) One factor remaining constant.
(c) Increase in one variable. (d) Decrease in one variable.

2. The method of economic analysis of general to particular is :

(a) Deduction. ൯) Induction.

(c) Assumptions. मु (d) Normative analysis.
3. Ifincome elasticity is negative, the good is ;

(a) Luxury. (b) Necessities.

(c) Inferior. (d) Superior.
4. For perfect complements, MRS will be :

(a) Zero. (b) One.

(2) Infinite. (d) 1.5.

5. Time period in which at least one factor remains constant :

(a) Long run. (b) Short run.
(c) Medium period. (d) Secular period.
6. The locus of various cost minimizing points of a firm is :
(a) Expansion path. (b) Production function.
(௦) MRTS. (d) MRS.

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