C 83037 (Pages : 4) ളു ಟೆ =
कर ಟು ಬಾ ಎಷು ತು
SECOND SEMESTER B.A. DEGREE EXAMINATION, MAY 2015
(CUCBCSS—UG)

Time

Core Course—Economics
ECO 2B 02—MICRO-ECONOMICS—II

: Three Hours Maximum : 80 Marks

Answers may be written either in English or in Malayalam.
Part A
Answer all twelve questions.

In the long run, a monopolistically competitive firm will produce the output where price equals :

(a) Marginal cost. (b) Average total cost.
(c) Marginal revenue. (d) Average variable cost.
The positively sloped portion of the marginal cost curve is the result of :
(a) Increasing returns. (b) Constant Returns. ५
(c) Diminishing Returns. (d) Constant Variable cost.

In the long run, a monopolistically competitive firm will earn the same economic profit as :
(a) A price-discriminating monopolist.
(b) Asingle-price monopoly.
(€) A monopolistically competitive firm in the short run:
(d) A perfectly competitive firm.
The price that is equal to the minimum average variable cost of the firm is called :
(a) Break-Even price. (b) Equilibrium Price.
(c) Shut Down Price. (d) No Loss-No Profit Price.
The allocative efficiency under perfect competition is attained when :
(೩) Producer’s surplus is maximum.
{b) Consumer’s Surplus is Maximum.
(c) Producer’s Surplus exceeds Consumers.

(d) Sum of Consumers’ and Producers’ Surplus is maximum.

Turn over