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    BIT INFO NEPAL - Economics - ECO155-2079

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    meropriyaa
    This document is an exam for a Bachelor's level economics course. It contains instructions for the exam, which has two sections. Section A contains long answer questions about price elasticity of demand, indifference curves, and perfect competition. Section B contains short answer questions on topics like scarcity and choice, price elasticity calculation, total cost schedules, budget lines, government intervention, monetary policy, production factors, and calculating GDP. Students must answer questions in their own words within the time limit.

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    BIT INFO NEPAL - Economics - ECO155-2079

    Uploaded by

    meropriyaa
    75 views2 pages
    This document is an exam for a Bachelor's level economics course. It contains instructions for the exam, which has two sections. Section A contains long answer questions about price elasticity of demand, indifference curves, and perfect competition. Section B contains short answer questions on topics like scarcity and choice, price elasticity calculation, total cost schedules, budget lines, government intervention, monetary policy, production factors, and calculating GDP. Students must answer questions in their own words within the time limit.

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    This document is an exam for a Bachelor's level economics course. It contains instructions for the exam, which has two sections. Section A contains long answer questions about price elasticity of demand, indifference curves, and perfect competition. Section B contains short answer questions on topics like scarcity and choice, price elasticity calculation, total cost schedules, budget lines, government intervention, monetary policy, production factors, and calculating GDP. Students must answer questions in their own words within the time limit.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    75 views2 pages

    BIT INFO NEPAL - Economics - ECO155-2079

    Uploaded by

    meropriyaa
    This document is an exam for a Bachelor's level economics course. It contains instructions for the exam, which has two sections. Section A contains long answer questions about price elasticity of demand, indifference curves, and perfect competition. Section B contains short answer questions on topics like scarcity and choice, price elasticity calculation, total cost schedules, budget lines, government intervention, monetary policy, production factors, and calculating GDP. Students must answer questions in their own words within the time limit.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    ECO155-2079 ✡

    Tribhuvan University
    Institute of Science and Technology
    2079
    ✡
    Bachelor Level/First Year/Second Semester/Science Full Marks: 60
    Bachelors in Information Technology (ECO 155) Pass Marks: 24
    (Economics) Time: 3 Hours

    Candidates are required to give their answers in their own words as for as practicable.
    The figures in the margin indicate full marks.
    Section A
    Long Answer Questions
    Attempt any TWO questions. [2x10=20]
    1. Define price elasticity of demand. Discuss the various types of price elasticity of demand
    with diagrams. [10]
    2. What is indifference curve? What are its properties? Explain. [10]
    3. What is perfect competition market? How price and output are determined under it? [10]

    Section B
    Short Answer Questions
    Attempt any EIGHT questions. [8x5=40]
    4. Write short notes on scarcity and choice. [5]
    5. Consider the following table: [5]

    Combination A B C D E F G

    Price (Rs.) 7 6 5 4 3 2 1

    Quantity (Units) 500 750 1250 2000 3250 4750 8000

    a. Find the price elasticity of demand for movément from points A to C and C to A 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.

    BIT INFO NEPAL - Economics - ECO155-2079


    IOST, TU
    ECO155-2079 ✡

    6. Consider the following cost schedule: [5]


    Output 0 1 2 3 4 5 6 7 8 9

    Total Cost (TC) 300 330 354 372 396 450 540 672 840 1080

    a. Compute TFC, AFC, AVC, MC and AC.


    b. Graph AC and MC and explain the relationship between AC and MC.
    7. Let us suppose a consumer has fixed income of Rs.2000. He selects two goods X and Y
    for consumption having prices with Rs.400 and Rs.200 respectively. [5]
    a. Derive budget line.
    b. Show his equilibrium point when he allocates entire budget equally on two goods.
    8. Discuss the government intervention in market through price floor, price ceiling and tax
    effect. [5]
    9. What are the instruments of monetary policy? [5]
    10. Explain the condition for optimum employment of two variable inputs. [5]
    11. Explain the features of free market economy. [5]
    12. Calculate Gross Domestic Product (GDP) and National income from the follow ing data:
    [5]
    S.N. Items Rs. (in Millions)

    1 Personal Consumption Expenditure 6500

    2 Indirect tax less subsidies 150

    3 Government consumption and investment expenditure 2500

    4 Change in business inventories 100

    5 Gross Private domestic fixed investment 950

    6 Exports 900

    7 Net factor payments to the rest of the world -100

    8 Imports 1200

    9 Depreciation 200

    10 Foreign investment 250

    BIT INFO NEPAL - Economics - ECO155-2079


    IOST, TU

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