File Details:

Questions:

1. What are the determinants of demand?
2. Define microeconomics.
3. What is selling cost?
4. Explain the kinked demand curve.
5. What is monopoly?
6. What do you mean by price discrimination?
7. Describe the diminishing marginal utility theory.
8. What do you understand by ridge lines?
9. Explain the meaning and definition of returns to scale.
10. Describe the meaning of the deductive method.
11. Discuss the law of equi-marginal utility.
12. Describe the indifference curve analysis of consumer behavior.
13. Critically evaluate the revealed preference theory.
14. Explain the concept of consumer's surplus.
15. What are the main determinants of the elasticity of demand?
16. Explain ISO product curves and their characteristics.
17. Explain the law of variable proportions with the help of a suitable diagram.
18. What is meant by equilibrium of a firm in perfect competition? Discuss the conditions of short-run and long-run equilibrium under perfect competition.
19. Explain the short-term and long-term equilibrium of a firm under monopolistic competition.
20. Prove that price effect equals income effect plus substitution effect.
21. Define price elasticity of demand. Distinguish between point elasticity and arc elasticity.