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The document is an internal examination paper for a Micro Economics course, consisting of multiple-choice questions, fill-in-the-blank exercises, one-word answers, and an assignment section. It covers key economic concepts such as opportunity cost, fixed and variable costs, and their implications in production. The total marks for the exam are 20, aimed at BA first-year students.

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3 views

ba paper

The document is an internal examination paper for a Micro Economics course, consisting of multiple-choice questions, fill-in-the-blank exercises, one-word answers, and an assignment section. It covers key economic concepts such as opportunity cost, fixed and variable costs, and their implications in production. The total marks for the exam are 20, aimed at BA first-year students.

Uploaded by

jangamswathi11
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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TSWRDC WARANGAL EAST

INTERNAL-II
Sub: Micro Economics marks:20
CLASS: BA-1YR

I. Choose the correct Answers


1. Opportunity cost is ( )

A. direct cost B. total cost c . accounting cost D. cost of forgone opportunity

2. Fixed cost is known as_____( )

A. prime B. Supplementary C. overhead D. Direct

3. Direct cost is also known AS ( )

A . indirect cost B. traceable cost C. opportunity cost D. accounting cost

4.Payment made to outsiders for their goods & services are called( )

A.opportunity cost B. real cost c. explicit cost D. implicit cost

5.The cost which are prime cost &can be changed with changes in level of output are called ( )

A.Fixed cost B.emplicit cost C. Variable cost D.none

6. _____refers to money expenses which a firm has to incur in purchasing factor service ( )

A.economic cost B.opportunity cost C.money cost D,none

7._____is define as payment which a producer must set in order to induce him to undertake the
risk involved in production ( )

A.normal profit B.implicit cost C. Money cost D.economic cost

8.____is the cost of next best alternative good that is given up for the production of a particular
good ( )

A. explicit cost B. Opportunity cost C. Economic cost D. Money cost

9.___are the factors whose quality can be easily changed in the short run( )

A. variable factors B. Real factors c.fixed factors D. NONE

10.which of the following is a fixed cost( )

A.salary of the permanent staff B.interset on borrowed capital


c. property tax D. All the above

II.FILL IN THE BLANKS

1.________is the sum of fixed cost and variable cost

2. variable cost depends upon the level of _____________

3. variable cost is also known as____________

4. when output is zero, tvc is___________

5. Higher productivity implies___________

6. AVC curve is _________________shaped

7. AVC follows the law of ___________________properties

8. ATC=_______________

9 The shape of long run cost curve is______________ shaped

10._______________are the economies which arise from the expansion of


the plant size are increase in the scale of production of firm

III.ONE WORD ANSWERS

1. Cost

2. Marginal cost

3. Average cost

4. opportunity cost

5 . Internal economies

IV. ASSIGNMENT

1. Write about LAC

2. write about fixed and variable cost

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