Tribhuvan University
Bachelor of Information Technology
Semester 2 · TU Board 2080
Course Title: Economics (ECO155)
Full Marks: 60Pass Marks: 24Time: 3 hours
Candidates are required to give their answers in their own words as far as practicable.
Group A
Attempt any Two questions.(2 × 10 = 20)
- 1.10
Define elasticity of supply. What are the various types of elasticity of supply? Explain with diagrams.
Answer comingAlso asked in 2079
- 2.10
Define production function. Discuss the various features of the Cobb-Douglas production function.
- 3.10
What is a perfect competition market? How the price and output are determined under it in the short run?
Answer comingAlso asked in 2079
Group B
Attempt any Eight questions(8 × 5 = 40)
- 4.5
What are the features of a mixed economy?
- 5.5
Explain the concept of scarcity and choice in the decision-making process.
- 6.5
Consider the following demand schedule. CombinationABCDEIncome (Rs)02468Demand (Units)2001601208040 i) Compute the income elasticity of demand at movement from B to C and C to B by the proportional method. ii) Compute the income elasticity of demand midway between B and C and C and B.
- 7.5
Define price consumption cure (PCC). Derive the price consumption curve for Giffen goods with the help of indifference curve approach.
- 8.5
Consider the following cost schedule: Output01234567TVC05090120140175230310 a) At TFC=120, compute TC, AFC, AVC, and ATC. b) Draw the graph of AFC, AVC, and ATC.
Answer comingAlso asked in 2079
- 9.5
Explain the various properties of the indifference curve.
Answer comingAlso asked in 2079
- 10.5
Show the relationship between AR and MR under the monopoly market with the help of a table and figure.
- 11.5
Differentiate between expansionary fiscal policy and contractionary fiscal policy.
- 12.5
From the following data, calculate the national income: ParticularsRs.in millionGross fixed capital formation300Private final consumption expenditure900Net Export-50Subsidies50Government final consumption expenditure150Indirect taxes250Change in stock50Consumption of fixed capital50Net factor income from abroad50
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