Tribhuvan University
Bachelor of Computer Application
Semester 6 · TU Board 2021
Course Title: Applied Economics (CAEC353)
Full Marks: 60Pass Marks: 24Time: 3 hours
Candidates are required to answer the question in their own words as far as possible.
Group B
Attempt any SIX question.(6 × 5 = 30)
- 2.5
Distinguish the concepts of microeconomics and macroeconomics.
Answer comingAlso asked in 2023
- 3.5
What is demand? Explain its determinants.
- 4.5
a) A consumer buys 80 units of a goods at a price of Rs.4 per unit. When the price falls, he buys 100 units. If the price elasticity of demand is -1, find out the new price of the goods. b) Price elasticity of supply of a good is 5. A producer sells 500 units of this good at Rs.5 per unit. How much will sell at the price of Rs.6 per unit?
- 5.5
'Price effect is the combination of income and substitution effect.' Describe.
- 6.5
Explain the relationships between AR and MR.
- 7.5
How price and output are determined under perfect competition market in the long-run?
- 8.5
Explain the primary and secondary functions of money.
Group C
Attempt any TWO questions(2 × 10 = 20)
- 9.10
Explain the properties of the Indifference Curve.
- 10.10
Based on the table given below, answer the questions:Quantity of output012345Total Variable cost020304890170Total cost30506078120200a) Plot the TFC, TVC and the TC curves. b) Explain the reason for the shape of short-run total cost curves. c) Calculate the average fixed cost (AFC), the average variable cost (AVC), the average total cost (ATC), and the marginal cost (MC).
- 11.10
Consider the following data to calculate the following.S.NoParticularsRs(In crores)1Exports of Goods and Services35422Imports of Goods and Services36323Private Final Consumption Expenditure583264Net Factor Income from Abroad (NFIA)(-)5685Subsidies6746Capital Consumption Allowances (Depreciation)44347Compensation of Employees267268Government's Final consumption Expenditure76029Indirect Taxes772810Gross Fixed Capital Formation1261011Mixed Income of the Self-employees3222412Interest, Rent and Profit (Operating Surplus)1008813Change in Stocks2078a) GDP_MP by using income method and by expenditure method. b) GDP_FC and GNP_MP c) NNP_FC and NNP_MP
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