Semester
Subject
Year
Credit:
Eli Tamang
Eli TamangTribhuwan University
Institute of Science and Technology
2081
Bachelor Level / First Year / Second Semester / Science
Bachelors in Information Technology (ECO155)
(Economics)
Full Marks: 60
Pass Marks: 24
Time: 3 Hours
Candidates are required to give their answers in their own words as for as practicable.
The figures in the margin indicate full marks.
Section A
Long Answers Questions
Attempt any TWO questions.
[2*10=20]
1.
Define indifference curve. How a consumer attains equilibrium under indifference curve analysis? Explain. [10]
2.
Define production function. Explain the optimum employment of two variable inputs in production function. [10]
3.
What are the features of monopolistic competition market? How to determine price and output under it in long period of time? [10]
Section B
Short Answers Questions
Attempt any Eight questions.
[8*5=40]
4.
Explain the concept of production possibility curve. Discuss its significance in economics. [5]
5.
Discuss the law of diminishing marginal utility with table and figure. [5]
6.
The market demand and supply function are given as:
a. Find the equilibrium price and output. b. If the indirect tax of Rs 8 per unit is imposed by the government what will be the new equilibrium price and output? [5+0]
7.
Consider the following cost schedule.
a. Compute TFC, AFC, AVC, AC and MC. b. Show the relationship between AC and MC. [5+0]
8.
How price elasticity is measured by arc method? Explain. [5]
9.
Explain the various instruments of monetary policy. [5]
10.
How the concept of microeconomics is helpful in different sectors of the economy? Discuss. [5]
11.
Derive the demand curve for the given goods with the help of price consumption curve. [5]
12.
Calculate GDP at market price and National Income (NI) from the following data.
[5]