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22nd March 2016, 03:41 PM
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Join Date: May 2012
Re: Punjab University Important Question

Hey as Panjab University is a public Autonomous university located in Chandigarh, India. It was established in 1882 making it one of the oldest universities in India.

Here I am giving you qus paper for practice of BA in economics

1. Attempt any ten:
(a) Adam Smith’s definition of Economics
(b) Utility
(c) Market Demand Curve
(d) avg. and Marginal Revenue
(e) Gross Rent
(0) Net Profit
(g) Consumer’s Surplus
(h) Perfect Competition
(i) Quasi Rent
(j) Economics as an Art
(k) Normal Price
(I) Price Elasticity
(m) Real Wages
(n) Explicit Costs
(o) Demand for Loanable Funds.

Unit-I
2. What is Price Effect, Income Effect and Substitution Effect ? Prove that PE = IE + SE.
Or
3. Examine legal regulations of Demand. elaborate different factors on which demand depends?

Unit-II
4. Evaluate legal regulations of Variable Proportions. Under what conditions does it apply?
Or
5. Examine the relationship ranging from avg. Revenue, Marginal Revenue and Elasticity of Demand.

Unit-Ill
6. discuss how output and price of a firm is determined under Perfect Competition?
Or
7. How equilibrium of a firm is determined under Perfect Competition?

Unit-IV
8. What is difference ranging from Real wage and Money wage ? How wages are determined according to Marginal Productivity Theory ?
Or
9. Critically evaluate Ricardian Theory of Rent.

Address:


Panjab University

Sector 14,

Chandigarh, 160014


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