Ganpat University BACHELOR'S DEGREE PROGRAMME r. Term-End Examination June, 2010 Ur) O ELECTIVE COURSE : COMMERCE ECO-6 : ECONOMIC THEORY model question papers



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Posted Date: 13 Jun 2011      Posted By:: udhav    Member Level: Silver  Points: 5 (₹ 1)

2010 Ganpat University B.Com BACHELOR'S DEGREE PROGRAMME r. Term-End Examination June, 2010 Ur) O ELECTIVE COURSE : COMMERCE ECO-6 : ECONOMIC THEORY Question paper



Course: B.Com   University/board: Ganpat University





No. of Printed Pages : 8 ECO-6
BACHELOR'S DEGREE PROGRAMME
r. Term-End Examination
June, 2010
Ur) O ELECTIVE COURSE : COMMERCE
ECO-6 : ECONOMIC THEORY
Time : 2 hours Maximum Marks : 50
(Weightage 70%)
Note : The paper contains three sections, A, B, and C.
Instructions are given in each section along with marks.
SECTION - A
(Long Answer Questions)
Attempt any two questions from this section : 2x12=24
What do you understand by Production
Possibility Curve ? Illustrate it with the help of a
suitable example. What are its assumptions ?
What is meant by income inequality ? Distinguish
between personal and functional distribution of
income. Suggest measures to reduce inequality
of income and wealth.
3. Why should equilibrium between marginal cost
and marginal revenue be a necessary condition
for equilibrium of a firm ? Explain with the help
of a diagram.
ECO-6 1 P.T.O.
4. (a) Distinguish between price elasticity of
demand and income elasticity of demand.
Describe the point method of measuring
elasticity of demand.
Explain the importance of elasticity of
demand.
ECO-6 2





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