ques1 :- why is economic studies ? what are the central core concept that has led to the
study of economics ?
ques2 :- how the elasticity of demand is different from the elasticity of supply ?
Derived demand cure from elasticity of demand ?
ques3 :- explain the concept of practicle implication of elasticity ?
ques4 :- why any one factor of production ia said to be in house ?
how the factors are paid their remuneration ?
ques5 :- compare and contrast between two laws prevalent in the production process ?
ques6 :- how producer equilibirium is achiever w.r.t. to ISO quant ? what is thi difference between
equilibirium and surplus ?
ques7 :- how the consumer behaviour is studied and
why marshall approach lacks behind the ordinal approach ?
ques8 :- derive demand curve for giffen goods and for normal goods from indifference curve ?
ques9 :- what is engels curve ? how will you derive engel curve from income consumption curve ?
ques10:- explain the term economic rent ? why economic rent arises ?
ques11:- using appropriate diagram. explain the relationship between AVC, ATC, AFC, mc ?
ques12:- explain why perfect competion market is perfectly efficient. ? outline the important
circumstances under which free market fails to achieve efficient alocation of resources ?
ques13:- why price and output are indeterminant under oligopoly ?
ques14:- describe determination of equilibirium price and output under monopoly.Is there
any there any allocative efficiency found under monopoly ?
ques15:- explain how international take places where there are :-
(a) absolute cost differences.
(b) comparitive cost difference.
ques16:- what is Non-co- operative equilibirium ?
ques17:- write short notes on :-
1. Diamond water paradox
2. ppc
3. prisoner's dilemma.
