عاد دحاو رص موی ‎D 93019 (Pages : 2) NaC‏

THIRD SEMESTER (CBCSS-UG) DEGREE EXAMINATION, NOVEMBER 0

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Economics .
ECO 3B 04—MICROECONOMICS - 1
: Two Hours and a Half Maximum : 80 Marks
Section A (Short Answer Questions)

Answer at least ten questions.

Each question carries 3 marks.

All questions can be atiended.
Overall Ceiling 30.

. What is meant by price leadership ?

Define Monopsony.

What is meant by excess capacity ?

What is Laissez-Faire ?

What is selling cost ?

Define a cartel.

What is meant by factor market ?

Define marginal productivity.

Distinguish between price taker and price maker.
Define a break-even point.

What is meant by administered price ?

Define pure monopoly.

. .What is meant by barometric price leadership ?
. What is MRC ?
. Define bilateral monopoly.

(10 x 3 = 30 marks)
Section B (Short Essay Questions)

Answer at least five questions.

Each question carries 6 marks.

All questions can be attended.
Overall Ceiling 30.

Analyze the various degrees of price discrimination.
Explain the significance of kink in the Kinked demand curve model.

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