Applied Economics 2021 Board Question Paper

11.

Distinguish the concepts of microeconomics and macroeconomics.

12.

What is demand? Explain its determinants.

13.

a) A consumer buys 80 units of a goods at a price of Rs.4 per unit. When the price falls, he buys 100 units. If the price elasticity of demand is -1, find out the new price of the goods. b) Price elasticity of supply of a good is 5. A producer sells 500 units of this good at Rs.5 per unit. How much will sell at the price of Rs.6 per unit?

14.

'Price effect is the combination of income and substitution effect.' Describe.

15.

Explain the relationships between AR and MR.

16.

How price and output are determined under perfect competition market in the long-run?

17.

Explain the primary and secondary functions of money.

Group C

Attempt any TWO questions

[2x10=20]

18.

Explain the properties of the Indifference Curve.

19.

Based on the table given below, answer the questions:

Quantity of output	0	1	2	3	4	5
Total Variable cost	0	20	30	48	90	170
Total cost	30	50	60	78	120	200

a) Plot the TFC, TVC and the TC curves.
b) Explain the reason for the shape of short-run total cost curves.
c) Calculate the average fixed cost (AFC), the average variable cost (AVC), the average total cost (ATC), and the marginal cost (MC).

20.

Consider the following data to calculate the following.

S.No	Particulars	Rs(In crores)
1	Exports of Goods and Services	3542
2	Imports of Goods and Services	3632
3	Private Final Consumption Expenditure	58326
4	Net Factor Income from Abroad (NFIA)	(-)568
5	Subsidies	674
6	Capital Consumption Allowances (Depreciation)	4434
7	Compensation of Employees	26726
8	Government's Final consumption Expenditure	7602
9	Indirect Taxes	7728
10	Gross Fixed Capital Formation	12610
11	Mixed Income of the Self-employees	32224
12	Interest, Rent and Profit (Operating Surplus)	10088
13	Change in Stocks	2078

a) GDP_MP by using income method and by expenditure method.

b) GDP_FC and GNP_MP

c) NNP_FC and NNP_MP

BCA 6th Semester

Applied Economics 2021 Board Question Paper

Tribhuvan university

Bachelor In Computer Application

Course Title: Applied Economics

Code No:

Semester:VI

2021