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: 2078, syllabus wise question

Consumer Choice: Indifference Theory
1.
What is indifference curve? Explain the consumer's equilibrium under ordinal utility approach. [10]
2.
What is marginal rate of substitution (MRS)? Write the reason to diminishing MRS. [5]
Costs and Revenue
1.
Calculate TC, AFC, AVC, AC, and MC under the total fixed cost 100, from the following cost schedule.

$\begin{array}{|c|c|c|c|c|c|c|c|c|c|c|}\hline \text{Output} & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 \\ \hline \text{TVC} & 0 & 10 & 18 & 24 & 32 & 50 & 80 & 124 & 180 & 260 \\ \hline \end{array}$
[5]
Demand, Supply and Price
1.
Describe the major determinants of demand. [5]
2.
Given the Price demand schedule below. Find the price elasticity of demand when price changes from 40 to 20 and 20 to 40 by percentage method and also compare the results between them.

$\begin{array}{|c|c|c|c|c|c|c|}\hline \text{Price} & 50 & 40 & 30 & 20 & 10 & 0 \\ \hline \text{Quantity Demand} & 5 & 10 & 15 & 20 & 25 & 30 \\ \hline \end{array}$
[5]
Economic Issues and Concepts
1.
"Scarcity and choice are central issues of economics". Justify the statement. [5]
Macroeconomic Policies
1.
Explain, the uses of quantitative instruments under the expansionary monetary policy? [5]
Market Structure
1.
List out the features of monopoly? Explain the short run and long run equilibrium of a firm under monopolistic market? [10]
2.
Let the demand and cost functions are P = 12 - 0.4Q and C = 5 + 4Q + 0.6Q² respectively. Then find the equilibrium price, quantity, total revenue, total cost and total profit. [5]
National Product and its Measurement
1.
Define national income. Explain the difficulties of measuring national income in developing countries like Nepal. [10]
2.
Find the GDPMP, GNPM, and NNP from the following information

$\begin{array}{|l|c|}\hline \text{Items} & \text{(Rs in crores)} \\ \hline \text{Gross fixed domestic capital formation} & 200 \\ \text{Net exports} & (-14) \\ \text{Net indirect taxes} & 94 \\ \text{Net changes in stock} & 26 \\ \text{Private final consumption expenditure} & 500 \\ \text{Government's final consumption expenditure} & 150 \\ \text{Net factor income from abroad} & 50 \\ \text{Capital consumption allowance} & 80 \\ \hline \end{array}$
[5]
Production
1.
Explain the law of returns to scale. [5]