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SECOND SEMESTER (CUCBCSS—UG) DEGREE EXAMINATION
MAY 2019
B.A. Economics

ECO 2B 02-—-MICRO ECONOMICS—II

Time : Three Hours Maximum : 80 Marks

Answers may be written either in English or in Malayalam,
Part A

Answer all questions.
Each question carries 4 mark,

1, Economic rent is earned by a factor when its :

(a) Supply is inelastic. (b) Supply is elastic.

(೧) Supply is more than demand. (d) Demand is more than supply.

If demand for a product falls, the demand curve for labour used to produce the product will

shift.

(a) Downward. (b) Rightward.

(c) Upward. (d) Leftward.

3. Quasi rent is the income derived from :
(a) Free gifts of nature.
(b) Agricultural products.
(c) Man made machines and appliances.
(d) All the above
4. Which of the markets have the feature of high advertising cost ?

(a) Pure competition. (b) Perfect competition.
(€) Monopolistic competition. (d) Monopoly.
5. Each firm assumes the rival’s output as being constant under :
(a) Cournot model. (b) Edgeworth model.
(c) Bertrand model. (d) None of these.

Turn over