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...I semester micro economics paper model question time hours max marks part a conceptual answer any nine of the following questions in sentences each x distinguish between positive and normative b state two uses study microeconomics c give meaning production function d cardinal ordinal utility e what is an indifference map f term equilibrium g increase extension demand h opportunity cost differentiate firm industry j given selling costs k define quasi rent l mention features oligopoly analytical four graphically explain economy s possibility curve terms economic growth various types price elasticity with help diagrams describe conditions necessary for attaining short run discuss discrimination under monopoly innovation theory profit are diseconomies scale illustrations descriptive compare contrast marginal approach understanding consumer behaviour suitable law deaman reasons downward slope how does producer attain iso quant role element determination output perfect competition liquidity ...