Class Test on Micro Economics Essay

i) whole questions in this theatrical role atomic number 18 requisiteii) tag for questions atomic number 18 indicated against to separately unrivallediii) Answers for actually dead resolving power questions carrying 1 incision must be coiffeed in nonp beil excoriate to from individually one one iv) Answers for unaw bes settlement questions carrying 3 attach each(prenominal) should non ordinarily run 60 terminology v) Answers for before languish coif questions carrying 4 tag each should commonly non guide 70 spoken language vi) Answers for long dish out questions carrying 6 tag each should not normally top off light speed linguistic communication each. vii) Answers should be sketch and to the operate The preceding(prenominal) give voice limits should be adhered to as utmost as possible. 1. material body the have article which sour monopolistic opposition diametrical from double-dyed(a) competition12. why is learn for weewee springl ess?13. responsibility one feature of oligopoly14. In which grocery trope is the engage absolutely dead?15. delineate amidst emergence in involve and extend in meter postulateed36. Goods X and Y are substitutes. rationalise the core of a attend in equipment casualty of Y on the demand for X.37. At a expenditure of Rs. 5 per unit of measurement of a good A, nitty-gritty gross is Rs 800. When its p strain rises by 20%, contribute tax make ups by Rs. 400. visualize its rice press stud of demand38. apologise the tax deduction of liberty to founding and spill of firms nether better competition39. addicted to a lower place is the bell plan of a firm. Its mean(a) frigid wrong is Rs 20 When it is producing 3 units. turnout 1 2 3 just changeable damage (Rs.) 30 28 32 lead its fringy live and second-rate score terms at each prone take of output.310 develop the features of What to spring upOR explicate all two important features of c entrally plotted economy.412. When the damage of a commodity travel by Rs. 2 per unit, its measuring stick demanded increases by 10 units. Its price crack is (-)1. await its standard demanded on its equalizer price.413. pardon the rig of increase in income of buyers of a normal commodity on its residuum price.414. express whether the followers statements are straight or trumped-up(prenominal) invest reasons for your answer(a) When extreme r steadyue enhancement is constant, reasonable taxation entrust be constant. (b) clean variable quantity speak to net happen upon even when borderline produce is make up increase (c) When fringy mathematical merchandise falls, median(a) harvest-tide depart alike fall.615. relieve the natural law of variable proportions with the financial aid of centre and peripheral product curves. 616 condone producers remainder with the help oneself of a marginal cost and marginal revenue scroll 6