Questions
Syllabus
Qns. By Syllabus

Semester

Subject

Year

Bachelors Level/First Year/Second Semester/Science bit/second semester/economics/syllabus wise questions

Bachelors In Information Technology

Institute of Science and Technology, TU

Economics (ECO155)

Year Asked: Model, syllabus wise question

Consumer Choice: Indifference Theory
1.
What is indifference curve? How can a consumer will attain an equilibrium under indifference curve approach? [10]
Costs and Revenue
1.
The cost and output of a firm is as below: From this information find out i. AFC of producing 3 units ii. AVC of producing 4 units iii. Least AC level of output iv. MC of producing 5 units and v. TVC of producing 6 units

$\begin{array}{|c|c|c|c|c|c|c|c|}\hline \text{Output (units)} & 0 & 1 & 2 & 3 & 4 & 5 & 6 \\ \hline \text{TC (Rs.)} & 150 & 300 & 420 & 600 & 790 & 1000 & 1260 \\ \hline \end{array}$
[5]
Demand, Supply and Price
1.
Define elasticity of demand. Discuss the relationship between total expenditure and price elasticity of demand. [10]
2.
Suppose a demand schedule is given as below: a. Workout with elasticity for fall in price from Rs. 80 to Rs. 60. b. Calculate elasticity for the increase in price from Rs. 60 to Rs. 80. c. Why is the elasticity coefficient in part a) different from that in b)?

$\begin{array}{|c|c|c|c|c|c|c|}\hline \text{Price} & 100 & 80 & 60 & 40 & 20 & 0 \\ \hline \text{Quantity demand} & 100 & 200 & 300 & 400 & 500 & 600 \\ \hline \end{array}$
[5]
3.
Discuss the government intervention in the market through price floor, price ceiling and tax and effect. [5]
Economic Issues and Concepts
1.
Describe briefly society's production possibility curve. [10]
Macroeconomic Policies
1.
Describe the tools of monetary policy. [5]
Market Structure
1.
Demand and cost function faced by a firm is given as P = 12 - 0.4 Q and $C= 5 + 4Q + 0.6Q^2$. Find the equilibrium price, quantity, total revenue, total cost and total profit which maximizes profit of the firm. [5]
2.
Explain centralized cartel. [5]
National Product and its Measurement
1.
Distinguish between GDP and GNP. Describe various problems of measuring national income in developing countries like Nepal. [10]
2.
Find the gross domestic product at market prices from following data.

$\begin{array}{|c|l|c|}\hline \text{S.N.} & \text{Particular} & \text{Rs. (In crores)} \\ \hline 1. & \text{Consumption of fixed capital (Depreciation)} & 60 \\ 2. & \text{Government's final consumption expenditure} & 200 \\ 3. & \text{Net factor income from abroad} & -10 \\ 4. & \text{Private final consumption expenditure} & 800 \\ 5. & \text{Export} & 50 \\ 6. & \text{Import} & 30 \\ 7. & \text{Gross domestic capital formation} & 230 \\ \hline \end{array}$
[5]
Production
1.
What are the properties of Iso-quant? [5]