RGU MA 1st Sem Economics ECOC-401 Previous Question Paper

Rajiv Gandhi University MA (I Semester) ECOC-401 Question Paper

Rajiv Gandhi University Itanagar Master of Arts Economics odd semester of examination which was held in DEC 2015.

The paper code is MA ECOC-401: Micro Economics Theory-I. The maximum time for the paper is 3 Hours, full marks is 80 and pass marks is 40%.

RGU MSc MA Economics 2015 Question Paper Detail

University	Rajiv Gandhi University
Course	M.A Economics
Semester	1st Semester
Question Paper	ECOC-401 Micro Economic Theory-I

Question Rajiv Gandhi University MA 1st Semester 2015
 Paper: ECOC-401 Micro Economic Theory-I

Section-A

Q. 1 Answer any four of following.
(i) Hicksian demand function.
(ii) Homogeneity of production function
(iii) Cartel
(iv) Scitovsky’s welfare criterion
(v) Leontief production function.

Section-B

 

Q. 2 Answer any three of the following

(i) Derive Engel aggregation formula
(ii) Define output elasticity. Using the cobb-Douglas production function, find out the output elasticity with respect to capital and labour.
(iii) Given the production function q=40L0.5 K0.5 and Budget constraint as 100=5L + 8K, find out equilibrium output and input used.
(iv) Explain equilibrium: in Chamberlin’s monopolistic competition model.
(v) What is pareto optimality? How it is achieved in consumption?

Section-C

Q.3 Answer any two of the following.

(i) Explain Baumols’s sales revenue maximization theory in a single product model without advertisement.
(ii) What is elasticity of factor substitution ? Derive it, using one CES production function.
(iii) Critically examine Bain’s Limit pricing theory.
(iv) What is compensation test? Explain in detail.

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