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( Word to PDF Converter - Unregistered ) http://www.Word-to-PDF-Converter.net MODEL EXAMINATION-2011 ECONOMICS HSE II MAXI.

SCORE:80

I.

II. III.

Analyze the statement and classify them under micro and macro economics a. study of a firm b. partial equilibrium analysis c. government regulation on environmental degradation d. a familys decision about how much income to spent e. employment level of a country f. relationship between quantity of money and general price level in an economy (Score 3) Prepare a seminar report on the various function of RBI. Seminar paper should have-title, introduction, content and conclusion. (Score 6) If the price of apple falls from Rs 60 per kg to Rs.50 per kg its supply contracts from 40 kg. to 30 kg. Find out elasticity of supply. (Score 2)

IV.

suppose the demand and supply curves of salt are given by qD =1000-p, qS = 700+2p a. find the equilibrium price and quantity b. now suppose that the price of an input used to produce salt has increased so that the new supply curve is qS = 400+2p How does the equilibrium price and quantity change? Does the change conform to your expectation? c. suppose the government has imposed a tax of Rs 3 per unit of sale of salt. How does it affect the equilibrium price and quantity? (score 4)

V.

complete the following chart

( Word to PDF Converter - Unregistered ) http://www.Word-to-PDF-Converter.net Identify the money flow and real flow

VI. VII.

(score 4) MRS is one of the two datas that determine equilibrium of the consumer. What is the other data? (Score 1) complete the flow chart

( score 3) VIII. If c = 0.8 and m = 0.3 find open economy and closed economy multiplier (Score 3) IX. From the following data, calculate personal income and personal disposable income. a. net domestic product at factor cost b. net factor income from abroad c. undistributed profit d. corporate tax e. interest received by house holds 2 8000 crore 200 ,, 1000 ,, 500 ,, 1500 ,,

( Word to PDF Converter - Unregistered ) http://www.Word-to-PDF-Converter.net f. interest paid by household 1200 ,, g. transfer income 300 ,, h. personal tax 500 ,, (Score 5) X. Out put 0 1 2 3 4 5 6 7 8 9 from the following table find TFC, TVC,AFC,AVC,AC,MC and draw the total cost curves and unit cost curves in two sets of axis. (Score 8) TC 20 30 38 44 49 53 59 67 80 95 TFC TVC AFC AVC AC MC

XI.

what conditions must hold if a profit maximizing firm produces positive output in a competitive market (Score 5)

XII.

Consider a market with two firms in the following table. Columns labeled as SSi and SS2 give the supply schedule of firm I and firm II respectively. Compute the market supply schedule. Price 0 1 2 3 4 5 6 7 8 SSi (kg) 0 0 0 1 2 3 4 5 6 SS2 (kg) 0 0 0 0 0.5 1 1.5 2 2.5 (Score 3)

XIII.

explain how price is determined in a perfectly competitive market with fixed number of firms. 3

( Word to PDF Converter - Unregistered ) http://www.Word-to-PDF-Converter.net (Score 4) XIV. explain why the demand curve in a firm under monopolistic competition is negatively sloped. XV. (Score 3) The speculative demand function is infinitely elastic. Illustrate with the help of a diagram (score 5) what is indifference curve? What are its properties? (Score 4) XVII. write down three identities of calculating the GDP of a country by the three methods? (score 4) XVIII. What are the main functions of money? (score 6) XIX. distinguish between nominal and real exchange rate (score2) XX. give appropriate te4ms for the following a. the total liability of the monetary authority of India b.M d t = KT c. revenue expenditure revenue receipts (score 3)

XVI.

XXI.

with the help of the following table draw a PPC Possibilities A B C D E Corn 0 1 2 3 4 (score 4) Questions prepared by George Joseph Sabu k.c Biju Peruvanthanam Binil Rajetha Veena 4 cotton 10 9 7 4 0

( Word to PDF Converter - Unregistered ) http://www.Word-to-PDF-Converter.net Economics cluster Idukki

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