7/17/2019 Eco Part-1 Last 3 Chap. Quetion Paper

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SHREE SAMARTH CLASSES

  An eye on QualitySub:-Economic

Topic:- Producer Behavior, Forms of Markets, Factors of production

TIME 1.3 hrs M!"#$ %

&.1!' E(p)ain * +efine the fo))oin concept. !n/ %' 0 Marks

1' $tock ' Production 3' Monopo)istic 2ompetition

%' Price e)asticit/ of demand ' Price +iscrimination

  B' 4ive "eason or E(p)ain. !n/ %' 0 Marks

  1' $upp)/ of )and is fi(ed.  ' +ue to speed/ transport supp)/ increases.

  3' In perfect competition there is a sin)e price.

  %' There is a price discrimination in monopo)/.

  ' $upp)/ cannot e(ceed stock.

&.!' +istinuish Beteen !n/ %' 0 Marks

  1' Perfect competition vs Monopo)/

  ' 5atura) Monopo)/ vs 6ea) monopo)/

  3' 6and vs 2apita)

  %' Insura7)e risk vs 5on insura7)e risk.

  ' Individua) supp)/ vs Market supp)/

&.%!' $tate the reasons hether /ou !ree or +isaree. !n/ ' 0 Marks

  1' ! se))er is a price maker in monopo)/.

  ' !)) factors of production have direct demand

  3' The supp)/ curve has a positive s)ope.

&.!' !nser the fo))oin 8uestions an/ 1' 0 Marks

  1' 9hat do /ou mean 7/ Perfect 2ompetition E(p)ain its features.  ' E(p)ain price E8ui)i7rium under Perfect 2omp)etion.

  3' E(p)ain hat is capita) and the t/pes of capita).