HSSLiVE.IN HSSLiVE.IN HSSLiVE.IN HSSLiVE.

IN
HSSLiVE.IN

FIRST TERMTNAI-, E,TLA.}INATIOI{ - 2017

rISIl iTI; ECOI\ONIICS
Maximum : 80 Scores

Cool off time : L5 l{inutes

. flicre is a-'Cool oll"tinre' in acldition to the r.lriting time <.1127. tlours.

cl l5 minutes i

. \,bu arineither allovrerl to wr-ite -your ansvvers norto dirus-s anl'thingwith others during the'c0il1 c;li'time'.
. [.t ge the 'co*tr <ifftime' to get familiar i-nth cluestions and to plzul ysur answers,
. Read the tFtestirtrts careliriiy beltrre ansr-r'ering
. f,lalcujatiorrs. figr:res and giaphs should tre shorvu tn the ansr.ver sheet itseLf"
. klaiii-1,alarn rretsirin of the questions is also provicied
' Gve equatiQlls where-uer necessary
" ,hre cernrrators
Electronic devices excepi nonprogrammable nofallowed in the Examinz rtionHall.
calq.rlators are not
6x,rJc {iru ('D'l 6c g ro an <rd

. rnloalds rruOgarooild olJooo re a1ar1j 'e,3nd acod ooso' gorreco;'l(c'l€6,Jo,,g2ll cruao<o.ni c"lca;ornc.rdad
giorotoo'oE-ejic.ol?qmc, Eglgqalo:accol orgcroo)oilnjlanoo rrlsorocemc o-lcSlqi.
. proroo@rr<rr6
"g1o1ro;<rno-nni
almI G;$6J6-EIrya i<rOr:Oo.-t;dcgo otcqoil66)6IDo.
:gar,ecol'leo'looemo-"
. .rtornad a;gelJood, o-flLroresesi. gocrrn]aciE. .Ocrrilol ffiocug.rto8oiolerm
c orcn5 saovd o no rel a1 or'15 and.
o or <oc g{oroil el) 2

GroolrcJalgg mrnetod ff-raoJc6566nu0 oacs;eoarno

c1ol31cnco;4vE odqgmso,ocoro! o,coSaei;eorgoga,ud es21oo,cculaE e:ol padels:orfild 9"la,osmor}o
2 s1 g.
"-ro'lo,src "ocgiltd "-rerorcnloocca "-tc

A*sl&.er all questions, Each question carrl' 1 scdr(:

arjjcJ? Gall:r5e.eil!r,1.t.:l1o gtf;IrrlOr!-)0!9;,il)6l-ilo" DllGlf cr133J(II6)1I11)o ,ilOl rrrlellrct Or'lOr:r

Sectlutl 'A' @{Iltffi{r0'"61'

(,1trotr.. 1111r 4ei!'t.i?'.-i {rn5r\'(rt' i'roltl i}rc] (6)c o I oa,c s3 roo or co,l o8 a':1nnJo uo roll ml c cD g(uro) coo

i:r-'liort ilr$ { I x ,l =" -i ) oo)o6o6r0nDs;<oloi "61v3al;4. (l x 3 :3)

i. Ihr:,. {_Clrh.;rl trpn,:nriC }.}t.Ol}}r..ra-: Of hOrt- 1. o{)66BocD gro8gca] Eil**)" oOCm o]CI-U
tt: l:rl"oclucr: i.o rt iater-,i tt-.: mlcmrooila g.-roilc.no eurnleigs;<rnaf, :

d- L)isi:'ih'.rtir-rtt itt l'aLiotta i ltrtonre er:<o'lco oloiacm ojkoloanro

"6.
i1.'Tecl-rtrtrioql. oI I:'l crittr,'.jr:tr ant'1. gtoEgcnm rruccu,coilo ofk:5
r--. {t'l'ice .\,'lc't,1tr!il15u.'i mi. ojls crDoofl(uccDo

,1. R, Iut tlri lrl 9r'alc o-u'l. erorcrolcogmrol glee i-oJ {DJCco)o

2. Opportunity cost means; 2, (6roor$uocov].d: ol rorod rorc aoaei3<m

6)altr-.j r.or;

a- Value of. fixed cost a rrun"lro orlelol6)oi ,rlej-\o

b. 'fhe value of variable cost b. ojlcierra olaluo.iloofr a;ei3o
c. The value of next best alternative c. orSeioeool.ql5
"61pot1o
(I)CJ GrdsJ(oTo) a)elio
sacrificed d. <rulorcoo-t eto:orruleto4 alolJo

d. The value of m.arginal cost

35 Ecomornics - 1/8
 HSSLiVE.IN HSSL|VE.IN HSSLiVE.IN HSSLiVE.IN HSSLIVE.IN

3. Which of the folowing is not relatecl to

3- nr)ooe oecsJool<al doJcmclo.lroE orlet
the calclrlation of price elasticity of p etcmicrfl o, tor 6c6rDJffD ot;acaol onrmool
demanded gc
orooi.

a. cdoo$) orog oilo e.r @(orocc)ocoo

et' oilerot'leis ro(o)acff, ocgo

b"
6Dil.

,o-Aq.
c, Lt P
- Ltr. q Lq
6i1. EP = ,P
^pq
d. eli_or6rnp"
G$1.
GOeI6U6[lDo
4. Frli in the hlanks (i x 4:4)
a. Indrrect Subsidl.
4
(l x a:4)
a (6Ds4iojG@cdt/t - elelg '':
Tax paid receivecl
nrlogo'il
Gross - Depreciation =
b. oaccmlo
rn'lcasioto
Dr rer.t
c. or5ooilotor Lnl(])Je{u =
ta res
orcJao(r)o coloSroila,od
d. NDPrc +NFIA
5. Give economic term for the follow,ing
5. o)cog oecsldolonolaDlos crue,u<orofla
(1 x 4:4) oJBa
a. Degree of responsiveness of
:{)slto)J6. (lx4-4)
quantrty demanded to change in its a ojletco,csJgq clrcocoororloofl rotrola,
price osnrcolcmi
b. The ratio of nominal GDp to Real b rnrooc(rol g'l.nlfl,rr1. cpt;e col-ocdoro
"4.m,2o toao'letjaq toqmJdc<o)o.
*1. nri1.
CDP
c. 'trihe family of indifference culn_e C. cn_ra e"ds oJLo,EBBgJOS (nfiqpo<noOcu

d. 'Ihe value unsold goods, un used Leo) 6JSlc6Do

ran meterials and semifinishecl d ao; peir,JcBcD CIl6rr,'l$ eo; ord"urcrofl<26
,riio-d cms;old otrg,*solotad o.roolaer;mt
goocls u.hich a firm carry from a r.ear
to next oL'leiaocod .adlcotc<oro pei^jtm eaeug,
ecc,rlaacmjl atJd(oroilao)cao, p ei.tcmaonuii.
Groffuor$@,Jo.) ornj<orlancrE oocrnlotcoJos
O) eJ (o

25 Economies - 2/g
 HSSLiVE.IN HSSLiVE.IN HSSLIVE.IN HSSLIVE.IN
HSSLiVE.IN

Match Column A r,vith Column B 6, GdoJoorsl a"l6oog.a. (1x5

(1 x5
A B A B
c1. Lrdifference i. Spending on a. mrogg"ds cul,oo i. o:;ancu,r; rucrial;
CUTVE Capital goods (<'nlcgqocno)cftLeo) .+,lcf3osl; tIrI6ITjl
h. Isoquant ii. Rectangular CD)qlA 6)r!Fl(ji
h,vperbola b. olrg;Gmrco,rcarJ ii. ooai's:a;e.rr?
c. Aveir;rge iii. Production ooaGnld c6ru39
Fixecl Cost C. coracrore'l iii. go3"lr,:cno
c1. investnrent iv" Consrrnrption mrrilo elrrprol
€.. \[arginal Cost \/. 'L-'Shaped d. eDlcast.ro iv. plcreroo
e. rulacool or-l.tetci v. 'U' orEalrofi

-{,nswer any 7 of the following. Each carries 2 Score (2xT = 14l

(Dcurg ila)tsiiTn] c-;oe5a+rgilOE .6oor&,1s)o 7 domsolri p(froeo tnela,1A,, 6tjcaf cd,-)ejor6)'lc)lo
2 mic.*cr0 or"lolr (2x7 =741
7. Classrfv the following under the tw.o ,iDC o I or oc s; oror'l ro1 aoJ on o: m,' c,:r'u cororl ar
brtrnches cf econom ics. tocalaglaf, rorraocri) ol.eet;o*,
"ocm51o)
Elas ticitv of demand, inflation, cdc(Jco gercmiroflar.o, cnc.m1o"-rra2go. a1.
CDP deflator, cost of a firn. o-tjl. oLl onl -dcg g<d, a o: gcE gcr: m co1 orrll q1 oxrfl

O olr.tOi.

8. ltthat is Lhe c.lifference between positive olcmiro oi l.g, mrc(I)lorc, 6, crocml :<rr ot jo Lol o D J
economicg and nolrnative economics? a mrcmtoroil a, coc mi itolnr;o 1c. r c crul g1 oi
errj'l

gaer cemcald'm!. cmc<iaceloi g€o$firrl

al"drr5) arladlerJqE ilJ(rJccyuc
"OoLi?

9. Tfthe price ot gcrod X rises and it leads X ."O rrO cr-*co cn OrOlarofr or'l et rdl etl r,rrecu^
'rn increase irr demand for good Y.
tL-r oLCdrzurnol, Y ofl.1ffn cn.)cutmororlooQ Cotcom
Fio:rt, are the tw-o goods related? Give tool'lc$ ordaumot;eneoaeil.
"g,alcc8 0.6lrBl
cr'\lccl)
examples. cD5oBSlo 6{)6BBocD 6rxmxodtcl6$loul. pBc
.oCoemesnufl o{Dg}(o,Je.

10" FIon, the centrai economic problems are aJorJ rDccruomla Loludrncanua o)covo6:DSl
solved under; €olcm crumliorSotmmo,gl.ca otol
"gocnom
ooo"lao;e-n3.
Centrally planned economy a co,LmcffDJLco.l6rn rru+ui5oi1ota"un
\ Iarket econLltnv b. accrucg m:mrrior5cu<nrc

11, V\tritc down any two properties of 'r.!. ru rzp ds o i"e,oo1oltrfl ( rrr'l rnuo co cfrc ot t..go)
indifference .L1rve. oleil erlo roarE m; ojl C ua,rcl(Do ua ofl rtl Gt)Jc$.
"gor

25 Economics - 3/8
 HSSLiVE.IN HSSLiVE.IN HSSLiVE.IN HSSLiVE.IN HSSLiVE.IN

12. Observe the following diagrarn and 12.. O-)oo1r odbJs](oro c.fQorL(/ro criirolos44roiimS
ilnswer the questions given belolv. G(Oogjo edo(_iJ63Esadr eOrC)Oo mej.s,;clr.

a. Iclentify, the bunclles u,hich cost a, gotGr3c.so)c1r1arr,! ololaCCDo oj;dom

exactly ecluals consunter's nronev 2 C t4 o a -al et ol s1 4crcd ol36B.BCOlJfl n orrj orrgl
rncome" alor,<rd at 6ro-rrgorojl og1Plioleor.
b. Ic{entify the bunclles u.hich costless b. eoJGsc6..ocoIo<r'f, ololacfllo did6gl
lhan coirsulner's rnonev inconre. aca)Jo et"letot vl {e;gra;,i<r3 cxc63rjcolJffn
uE .1616)()) FJco ?
eotanel et;o,
13. State any tvt o Lr.rsic re.isons for the l3 mxrudot5ol,rul.ocrE <srorelo:y;r_Llatolaar;m-r a3o_r5
centlal economic problems. olccru omrl,{!, L"jcrdm 66Buaad c"orori otccot

"63olOl&1
el]o o6rBl 6,co6-rDeenuE ."6y S:rOt.1al.
14. What is the difference L-retween 14 p r:t? or or ofl ci1 noilc rJ (Grd o';] € j o'|.{io sll D p o6 o ot ofl
accuntulated inventorv and <fl sjl ot s c uocoei6rDn uo clt oD;l pJ Jtsg o{ roU c cruo
clecumulated inve_ntorv ?
"ocrJji

15. Write any trvo relationship between ozoorDo peigcmtt;c cru"la.toot gd,loDot;o
marginal prrocluct (N,IP) ancl total (Jlzol ErJB !.1 O6t-Rj 5I) Imi iaotr,;d o J) ('r(5)Jd}.
product (IT) of an input.
Answer any 3 of the following questions. Each carries 3 score (3 x 3 = 9)
r'lt)3o1t 5)dlbtrs:{IntD ridc3-\6rn3p1o3-gocrralello J oOqBsrol .-rl pJrr)ar .rjlelD)dr. ofJGlDc cotcBJ
o-rcrlmlo .3 ntco,o,6 ot'l,olo (3 x 3 = 9)

16. Distirrgcrish Lretu,er.n stock r-aritrle and 16. GOOO_J a0otlc r.illC}lC or)olJo fO:zA'1 ejJg6t
flolr.'variable rvith one exatlll-)le each. oJJ(DJCm)o p6cooo6m cru.olOlo o0)tPJt6)}or.

17. Briefly cxplain thr:ee limitations of GDp 17. o2Coroo GrocJc-oo geigrmo (GDP) G€,er'a
as the inclex of lve{fare. otcnatafl cngoiJcacercojl aemaoceei;cmcril
er;gg o;rrd' "tolraltorl*r,uE llrc3aeil orlc.urol
dr]6).

18. A consltmer purchases 20 units of a 18. 610l gotc{ec€(o)co) ro ro;"_t arilOookf zO AOle,rr't$
courmorlity rit rupees 10 per unit. !\'hen gg. r:jl et s oJot (I}oeoi-ldol
crr-rccr,,rnesBga clcoar:1
price falls to rupees 5 per unif she L-rpy5 o6r0to)egcv3 Go-LcB(Do 30 cor;amlgccorl
30 units of the conrnrodity. Calculate odaulg;. ^61re,'los oIs g2etcmiroilaror
price elastrci\, of demand. @,c6nle.

25 Economics - 4/8
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I9. State the l.rvt of clemanel. L)raw' demand 1S. GaTCBO Cn'lCOOc, c{)gJ,fj)}db. O)3OE' A6},CglOr6}
cllrve froui the foliow,ilg d.rta. {3 (OI0 c g d G Ai rr-,1 ol C ot cra cn oJ gd}, o ol (a d}b,a d+J.
O
J

Pricefer unit Quantity darnanded orgenrlp ofle-l 6JD(f{T} ,]a,tBq-f(tl

40 ) 40 5
30 10 30 10
20 1*( ?0 t5
1CI 20 10 :0

,tnswer amy Iive *f the followinE" F,ach question carries 4 score ("1x 5 = 20)
(-I)JO(' ara}}]Sl(or$ Cr+a1+et;gilni .51;r,,am1ant: 5la,iloJoT$rnrni,:li p(fi5rD,r ogsl,rDlr+.
orceosunlol)o 4 nUqdrcd ol"loro (4 x 5 = 20)
20, Obsen e the foll*u'ing *liagrammes I ,0, tlJo? oercsJroro] onco)Lrrmr:or6 cn-ko'l.o,rjieo3.o.

Irrictr Frree

O
Dcmancl

a. . Identifii the two diagramrnes a. o6-fleJ nraorLcn6crrgJo roiileflgolcortra

b. State the reasons foa'the dil{c-rence b. a1ar,gilo8 aloos3rors-flglgg m cor r-oocngfi er ei
betw,een the two diagrarnmes orJ(0)Jo{rucBg]os eco6rD6)o9}0)Je.,

21. The Gross r-alue of output produced hv 21. X "O.- qeigcam cr:)l6m'Ielonfl bfacfiro)o
firm X is I{s. 58,t100- The Gross value of geldcm oJpuo s8o00 cr-O6J(mJ. Y
"Orm
gz-igo
outputproducedby finn Y is Rs, 75,000. om oorlenil$ocfr oocrooo geigfin o:ErJo 7s000
The r,alue of raw'materiflLs purchased ,orgeni. X geigcam aol6rrrd Y gp-r"",t*r:,:n
by fum X frosr firm Y is 8,500. The value corgeirJlplo8 cnlcrn;o orcssnlor <aromromSa,grm
of raw materials purchaqed bv rirrn Y omiror3amgJos DjerJD asoo. )1 geigor*o;
from tirm-Z is Rs. 5000. fhen calculate corgerril$ Z gejgor:cn oor;om1g1ed rrrlrn;,r
value Addecl bv rucesB'lco GraollccrteJ(p rurr$ror3e*glos aip{o
sOOO.
"6m,'lc6
(a) Firrn -)1, and (a) X geigcacn ao;o:nlglorcrp *,r;5lc4drcror
alai.So ec6rD)d).
(b) Firn:t Y (b) Y gdgcom olernlglaro$ u;,151c..1<*oior
Dltr-]Jo ec6rrrJd],,
(c) Differentiate value aeldecl frorn (c) 4351 e":doo'r aJerSor;o g ej"j,.m El eiJojJo
value of output" (6)eo'l ej]g pf, olJ(o)Jofi-rio culdcc-)oc66)]6,.

25 Economics - 5i8
 HSSLiVE.tN HSSLiVE.IN HSSLiVE.IN HSSLiVE.IN HSSLiVE.IN

2"2. Frorn the follor,ring data calculate 22. o)colr 6)e35jofol r:or.::rotrl,..''8 QoJGtI.r)Jr-o12]
pcrsonai Inc*,*le. ot5ano o ral olo]ac(T)o
I d&o61lT) jdl,.

I{-Bmis Rs.incores grnaoni.r3

crft+:-l

a" hlet cI omrlstic procluct 20000 c+l:E'l,:crrloS

a l. f a r tr,'r;' r: r:s t (.l.JI) Pr-) a" i€ls.r, oiietecilo8 .6rce crgie<\.ro( 20u()0
h. Not tirctr.rI inc,-lur,: fc,rm 500 Qeiqcmo (\lJP )
ahrr.raul 1l.lFi.\) D crli ee roolorlmiqlle,B snq 500
ll ncirsiri Lru teri profit 300 o€l$cr,.:lrcloomc ( liF tA)
c.l (lorpor;rle lax 800 C. ,rr'lroloemo o!lqcon) acrEc 300
#" lnterest reterived Lry i200 d. Cac6",]Cr:fl rr1cla;,cq1 800
lro u se lrc,l ri e. cact? orlerrAg3arEod 1 200
"o'la
irrtr:rest 1:ai<i i:v' irouseholcl 1;/00 erc19g uejloo
(i
il' Tra tisier iltr. ti.ttt,.' 3t)0 t. ocr6oola cor;errilgge,ca
(qDSd oler'luo 170i)
o
o a -r q O.eo C S 3 O'i l ar, rrd 3,G0
(Tralsfer rncome)

23. (Jb i:rv* lh,.: tollow'ing diagramme 23. toco;p cn ele,,r co'l SlEp n-bo)'-trr o o:1 o'laMoot;.ir,.

g,ood.

'IC-,
trC,

IC,

gi;od,
l-l;rsr:cl on the clia.e;r'amine. ct-rrrect the cru,:o q,.o ord oorfl ,:o'ro 5 I crur c cooroil ol ial (rDrl coJ
{'ol } o'",r,r'i n g'stalenr *tits i i necessan' ar.o gi l d or rol
fi ;
r,rorn oi1 cE co.i1 o ; torot 3 aa,.

d." Burtrlies C anrl D are inferior to a. A, B or:-re'rileL;ag3acd1 <rlco(nlaJo oetpi)

hunrlles A anct B. c<,,rc'vd C, I) eruoneleLlo<r8 G)or(o,rcdon
ilrocei^fi.
I,r {'lonqumer is incli{ferent bet1,\,een tr. C, I) ni31mr'l i.r:l':ne'ier3.e'otiaeflsojlrr:3 !:at
!.u.iii{{ les f- a nct,D" +r3cd3c)ool c*r1;qccn ol mcarfr (mrap.,ri s:)
C, C ogcn enierrelpjlalm fiIloG0.lre-,silal 2nlcGc
c. Bu*dle A is prreferred to bundle C ororcr)], A
"O.m 'ruorrelr:j1m]
oSuirnomo:
cnd,o;cm;.
d-. Euirelle E is inferior to bundle I) d. onrorrc.io? D co3oc,u,1 (rceio,D1o solEJ
Gcn:0cr3 aniorr4cn8 E colo"rnc'jjcmoconi

25 Econonaics - 6/8
 HSSLiVE.IN HSSLIVE.IN
Hss /E.IN HSSLiVE.IN

24 a. Define protiuction possihiity i-4. a. Q el+icam mrco,5tct,.r rcrorrrjlfi15rc:l (,11io,*)

frontrer
cni d ol .il,oei;.r,i,.
b. Drar,r, ppF (ppc) on the basrs of
the lr ,s retop otr.i":,.lqorS:Eg GomG,sBL,ii
follort'ing daLa. DolGt>O
oi{ geigcaor {roocu.!{Do rsmordorol (cr
ad,o) ojmeoJ6,.
Possibilities Consurner Capitat golGlgJt0(S)s
good good .-n, oo:5 Ana*irE
rumior;
A 10 0
1CI {J
B 9 1
B q
n 1
C 2 C 7 1
D 4 ) II 4
.l
E 0 4 n ()
4
25 "The Great Deprrg55ien at 19?_g is realiy "1929 og aorl(orolce) m.:cmLolorJa+, occBJo,
break through for the emergenre of
rcgcoscnla au-olEJ m:cmtcorolo *r*;i,o,
modern macro Economir:s',. tsriefly give
o.g<a gloidd cs@doo o,3 gil'
cnloar:gJ6)s 6re>6re
vour inferences on the statement
<olo)eLJe,od llolacil ooeJ(Dla.
26. Draw an imaginar.,. trtrneitr demand 26. cl.l: ffr)J&bel"_il.n* erntECOo:_rC
curve and locate the points u"hirh
rro:] co)Jb)s cnoi"ai cor-l g;gg
represents the fo [or+-ing elasticities.
n\,2-d o,cl Gn s ocgoilJ5Jon;l{arr.
€P = 1, ep = C, €p = ct, ep> 1, ep < I ep=1,ep:0,ep=(x,/ep>
A.nswer the fallowing tluesticus
{S x .t = S)
o)log oorcslolD c::CBjOrotlni goroe,)rrel(o1,ra (S
X 1 = Si

27. a" F{ow the long run prc.eiuction 27. a. (o$GiJJ{hCEJ geigonCn (D6peto r:"ltE.gACAl
function is <iifferent froin short nrn
e ei "_icir cn U;<g znOrdl og Cr.lC"*;o 0g
production function? 6_fi3 6)<T)

o+ (cuc cD6)qJ53 o lan;c rr1.

b. Explain the threre stages of long run
b. a'lrd,=erarsp] gejpJcoiD i-Ddarirqrzrlet.r! pgqnj
prociuction function (Hini : returns .ru5ocnvf, oLlo;ail"ao.l;o," (mt;rtor
to scale) : G(rDc(D
tU,3rru..d)-g;gg L,rtCljcq)) flj]&,.-} )
Answer any two of the lbtrlora'ing, qtresti*ns.
Each q*.estiqrn cilr.r'ies s nlarks
Grlcol9 5')&cslrdR) C-rCo5o-al:gil,ri {s r 2 = "l{i}
-g]arrO$lzu;o aoeneo,41.urui.l,r!
9,T16)aro a{i1gJmj.9,. 6tiiG.oi1 c,L;JG.\
orol'l*r;u B cnlcacrd rrtt,tl)c
{g x 2 = to}
28" a. Name the three methocls of 28, a. enio"lco) atialrjoc)r nngcrlcnti;i1m;gqt
measuring Natjonatr Ineonre.
a;cm; olol,laug
b. Write the steps r:f rneasuring b.
"$er,o*loc ?

.,g;O<OuXl a;s oorel,e.l

National fncome bv &.n1r tr,t.r: l:;'1.e,,:r1 g,..t
ce c,,o'lru ruoJDcioo crdg6oJffi)ccil{rUBg
+oo:<nioj

methods.
o,IcLlo "e r5ortrud (aj).rlo)jd]j"

25 Econornics - 7/{l
 HSSLiVE.IN HSSLiVE.IN HSSLiVE.IN HSSL|VE.IN HSSLiVE.IN

29. Obserr.e the cost schedule. 2s. (5)co)5' ma'icslcei15]gg *.i3)o mlo"loatlcobllos.

Out TC TFC TVC AFC AVC AC I\{C Out TC TFC TVC AFC AVC AC MC
put pul
0 10 0 10
I. 20 1 2Q

2 30 2 30
3 38 3 38
I 46 4 4b
:) 52 5 52
b 60 5 brl
7 64 61
B 6B 8 68
I 71 9 74
r0 8ti 1t) 8tl
l1 q2
t1 92

a. Coniplete tite cost scheclule a. o"-rercfi "-t5ila "-r16<oto1ao1oo3a

b. ily usirtg the data gir.en in tht: b. oruetoi o-r5fl ooSe>s ioroslrn:ncrnlolo,'ld
schedule dran'TFC ancl TC curves oEOCT(D ooleloi olLo,o (TC), oacolo)o-
in the sant-e set of crxl's. rrunlo o,letol otao (TFC) "6rnr1ol arol
olorc<oamild or codao;a,.

,]0. a. State the conditions for the optirnal 30, a. gorcec€Grc.rilO,C{ gors)o Crcooo6lollDs}
choice of a consurner (r.onsurner's gp<r# (gucecoorcoileierft m;nor)an1 <ncor
equilibriunt) cron) <or9o-r co5 actil or5ol cnr-n ac'E
b. Explain the sanre u'ith the help of a
I c$oGlrSco?
suittrble diagramme. !. orxuLooroilocfl m>iroccorccolo)eos p oJccc

e<nc oiloofl mtcro:3er'l orc olfiu-o' o.fl oltol

dole.

25 Economics - 818