Semester : SEMESTER 1
Subject : Microeconomic Theory and Policy–I
Year : 2019
Term : MAY
Branch : ECONOMICS
Scheme : 2020 Full Time
Course Code : ECO 1C 01
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0 62694 (Pages : 3) Name...... രരം
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Reg. 1९७.....................-७.०...........
SECOND SEMESTER B.A. DEGREE EXAMINATION, MAY 2019
إي+ (CUCBCSS—UG)
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3
Economics
800 10 01 ESSENTIALS OF ECONOMICS—MICRO
AND
00 20 01 ESSENTIALS OF ECONOMICS—MACRO
Time : Three Hours Maximum : 80 Marks
Part A
Answer all questions.
Each question carries 34 mark.
1. Among the subject matters of economics is
(a) Production. (b) Consumption.
(८) Distribution. 1 (d) All the above.
2. Human wants are :
(8) Limited. (b) Scarce.
(c) Unlimited. (d) Inadequate.
' 8. Cardinal utility analysis to consumer equilibrium was developed by :
(8) Marshall. (b) Hicks and Allen.
(೧) Geremy Bentham. (d) Adam Smith.
4. Total utility is maximum when :
(a) Marginal utility is zero. (b) Marginal utility is maximum.
(c) Marginal utility increases. (१) Average utility is maximum.
ட். பதத When individuals income rises his demand for a normal good ?
(೩) Rises. (b) Falls.
(c) Remains the same. (d) Negative.