Discuss the relationship between marginal and average product curves.

Given the following supply and demand functions of a commodity X, determine its equilibrium price and quantity.

Qd 8000-1000Px

Qs= -4000+2000Px

Explain with diagrams the approaches that are used to decompose the price effect into substation effect and income effect.

Explain how does 'scarcity' lie at the root of all economic activities?

What are implicit costs? How are these implicit costs are estimated? Do you think that these costs be included as part of costs of production? Give reasons for your answer.

Can a firm have a production function that exhibits increasing returns to scale, constant returns to scale and decreasing returns to scale as output increases? Give reasons in support of your answer.

Discuss the various shapes of isoquants that may be assumed depending on the degree substitutability. What are the properties of Isoquants?

On what grounds, the law of diminishing marginal utility is criticized by the modern economists?

How does want and utility are interconnected to each other? How is the cardinal approach different from ordinal approach to consumer behavior?

Explain with illustration the three stages of production. Why should a rational producer under competitive condition should produce in stage II?

What is production possibility curve (PPC)? How does a PPC provide an economy's menu of choices?

Given the following information, find out the price elasticity of demand and cross elasticity of demand:

Q_d=10-2P+P_s

where Qd is the quantity demanded, P is the price of the product which is given as Rs. 10, and Ps is the price of the substitute good which is given as Rs 20.

Distinguish between law of demand and price elasticity of demand. Identify the factors on which price elasticity of depend. How does elasticity of demand help the economic agents in decision making.

दो वस्तुओं के उत्पादन (X and Y) तथा दो वस्तुओं के उत्पादन साधन (श्रम तथा पूंजी) वाली अर्थव्यवस्था में उत्पादन के संबंध में सामान्य संतुलन स्थिति को कैसे प्राप्त किया जा सकता है?

लगान के आधुनिक सिद्धांत तथा मार्शल के सिद्धांत में अंतर बतायें।

प्रतिकूल चयन तथा नैतिक खतरे

प्रतिकूल चयन तथा नैतिक खतरे

सीमांत भौतिक उत्पाद तथा सीमांत आगम उत्पाद

उन विकृतियों (distortions) की चर्चा करें जो पूर्ण प्रतिस्पर्धी बाज़ार में दक्षता प्राप्त करने के लक्ष्य को विफल करती हैं।

विश्व व्यापार संगठन WTO के उद्देश्य तथा निर्देशक सिद्धांत क्या है? क्या आप ऐसा मानते हैं कि बदलती हुए वैश्विक अर्थव्यवस्था के आलोक में WTO कम प्रभावी हो गया है? अपने उत्तर के समर्थन में कारण दें।

किन्हीं दो देशों के बीच व्यापार क्यों होता है? इस संबंध में रिकॉर्डो के तुलनात्मक लाभ सिद्धांत की व्याख्या करें।