Illustrate with the help of a diagram, higher the price elasticity of supply, larger will be the per unit tax burden borne by the consumers.

What will be the resultant effects on the labour market if the minimum wage is set below the market equilibrium wage rate?

With the help of a diagram show the effect of the minimum wage rule on the labour market given the wage is set above the market equilibrium wage rate.

Is the minimum wage a ‘price ceiling’ or a ‘price floor’? Suppose government decides to set a minimum wage rule.

Consider Figure 2, where DD and D’D’ represent the two different demand curves for a commodity in two different markets. Compare the two demand curves in terms of the price elasticity of demand.

Write a note on the changing patterns of working participation of the Scheduled Castes

Discuss the socio-political background for the reorganization of the Indian state

Describe the essential features of social democracy according to Ambedkar .

Discuss Ambedkar’s role in formulating reservation policy for the Scheduled Castes

Discuss the various self-corrective mechanisms propagated by Ambedkar for realization of fundamental rights in India.

Compare and contrast a normal, an inferior and a Giffen good in terms of income elasticity of demand.

Discuss the ideas of Ambedkar on linguistic states.

Consider the demand curve AD of a good in Figure 1. The distance AB, BC and CD are equal to x, y and z units, respectively. In terms of x, y and z, what will be the price elasticity of demand for the good at points A, B, C and D?

Describe Ambedkar’s ideas on citizenship.

Analyse Ambedkar’s ideas of nation-building in India.

Discuss the income and substitution effects of a price change in case of a normal good.

(a) Differentiate between a long-run and a short-run cost function.

(b) (i) Describe the relationship between the short-run and long-run average cost curves. 

(ii) Why the long-run average cost curve also called the envelope curve?

(iii) Using an appropriate diagram, explain how does the long-run marginal cost derived?

Analyse Ambedkar’s views on the relationship between Labour and Caste in India.

Describe the views of B. R. Ambedkar on the role and functioning of the CAG.

(a) Illustrate the relation between Total Cost (TC), Total Fixed Cost (TFC) and Total Variable Cost (TVC) curves. Also, comment upon the shapes of these curves.

(b) Given a total cost function,

TC(Q) = Q² + 10Q + 100

where Q represents quantity of output produced.

(i) Find the expressions for the variable cost, fixed cost, average cost, average variable cost, and average fixed cost.

(ii) At what output level (Q) is the average cost lowest? Also find the minimum average cost.