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: 2080.1, syllabus wise question

Consumer Choice: Indifference Theory
1.
What is indifference curve? What are its properties? [10]
Costs and Revenue
1.
Consider the following cost schedule:
Output012345678TFC200−−−−−−−−TVC020364864100160248360\begin{array}{|c|cccccccc|}\hline \text{Output} & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \\ \hline \text{TFC} & 200 & - & - & - & - & - & - & - & - \\ \hline \text{TVC} & 0 & 20 & 36 & 48 & 64 & 100 & 160 & 248 & 360 \\ \hline \end{array}
a) Calculate TC, AFC, AVC, AC and MC. b) Derive TFC, TVC and TC curves. Explain their relationship. [5+0]
Demand, Supply and Price
1.
Define income elasticity of demand. Describe the various types of income elasticity of demand with suitable diagrams. [10]
2.
Consider the following table:
CombinationsABCDEFGPrice (Rs.)6543210Demand (Units)0100020003000400050006000\begin{array}{|c|ccccccc|}\hline \text{Combinations} & A & B & C & D & E & F & G \\ \hline \text{Price (Rs.)} & 6 & 5 & 4 & 3 & 2 & 1 & 0 \\ \hline \text{Demand (Units)} & 0 & 1000 & 2000 & 3000 & 4000 & 5000 & 6000 \\ \hline \end{array}
a) Find the price elasticity of demand for movement from points B to D and D to B by proportional method. b) Compute the price elasticity of demand at the mid way between A to C and C to A by arc method. [5+0]
3.
The market demand and supply functions for product are given below:
Qd=500−5PQ_d = 500 - 5P
Qs=100+5PQ_s = 100 + 5P
a) Find the equilibrium price and output. b) If the sales tax (indirect tax) of Rs. 10 per unit is imposed by the government, what will be the new equilibrium price and output? [5+0]
Economic Issues and Concepts
1.
Describe the features of mixed economy. [5]
Macroeconomic Policies
1.
Explain the objectives of monetary policy. [5]
Market Structure
1.
What is monopoly market? How price and output are determined under monopoly market? [10]
2.
What is cartel? Why is it illegal? Give the examples of cartel. [5]
National Product and its Measurement
1.
Distinguish between GDP and GNP. What are the problems of calculating national income in developing countries like Nepal? [5]
Production
1.
Explain the concept of production possibility curve. [5]
2.
Define isoquants. What are the properties of isoquants? Explain. [5]