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FIRST SEMESTER B.A. DEG ATION, NOVEMBER 2015
(CUCBCSS—UG) ಡಾ
Core Ceéurse—Economics
ECO 1B 61—MICROECONOMICS—I
: Three Hours 7 3 Maximum : 80 Marks

Answers may be written either in English or in Malayalam.
Part A
Answer all twelve questions.
The “compensated” demand curve is the demand curve that shows :
(a) Only the income effect.
(b) Only the substitution effect.
(c) Both the income and substitution effects.
(d) The Giffen good demand curve.

. The market demand curve is derived by adding all the individual demand curves :

(a) Vertically. (b) Horizontally.
(c) In parallel. (6) Any of the above.
. When the substitution effect of a lowered price is counteracted by the income effect, the good in
question is : 5
(a) Inferior good. (b) Substitute good.
(c) Independent good. (d) Normal good.
. Which of the following stands for the slope of a budget line ?
(a) MRS. (0) Px/Py.
(०) MRP. (6) 718775.
. The elasticity measured at the point of ‘Y intercept of a linear demand curve is :
(a) 0. 01
(c) ००. (d) None of these.
. Which if a firm triples all inputs, and output triples as well, the firm is subject to:
(a) Constant returns to scale. (b) Increasing returns to scale.
(c) Economies of scale. (d) Decreasing returns to scale.

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