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C 81866 (Pages : 4) തിപ கவ்வை

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‎SECOND SEMESTER (CUCBCSS—UG) DEGREE EXAMINATION, APRIL 0
Economics 1

‎700 10 01 AND ECO 2C 01—ESSENTIALS OF ECONOMICS-MICRO AND ESSENTIALS
OF ECONOMICS—MACRO

‎Time : Three Hours Maximum : 80 Marks
Section A (Very Short Answer Questions)
Answer all six Questions from Part I and all six Questions from Part II.
Parr I
1. The study of the behavior of firms, individual markets, and households is called
(a) Behavioural Economics. (b) Welfare Economics.
(c) Microeconomics. (d) Macroeconomics.
2. The market-clearing price is also called the ————————— and is the price at which
(a) Prevailing price ; the supply and demand curve cross.
(b) Prevailing price ; the supply curve crosses the y-axis.
(c) Equilibrium price ; the supply and demand curve cross.
(6) Special price ; the supply and demand curve cross.

‎9. Thecost of producing 5 units is Rs. 567. The cost of producing 6 units is Rs. 768. The marginal cost
of producing the sixth unit is —

‎

‎(a) Rs. 128. (b) Rs. 113.
(c) Rs. 201. (d) Rs. 768.

‎4. A perfectly inelastic demand curve will be ————————— on a graph while a perfectly elastic
——— on a graph.

‎

‎demand curve will be

‎(a) vertical ; horizontal. (0) horizontal ; vertical.

‎(c) vertical ; vertical. (d) horizontal ; horizontal.
5: Ex Q=

‎(a) MC. (b) TR.

‎(c) MR. (d) TC. Turn over