Q. 4. Observe the given table and answer thequestions:Unit of a commodity TU units MU units11153154415514-11) Draw total utility curve and marginal utilitycurve.2) a) When total utility is maximum marginalutility is Ob) When total utility falls, marginal utilitybecomes|2) Observe the given diagram and answer th4 /5following questions :D. DD.P.-DQQQQuantity Demanded in kgs1) Rightward shift in demand curve2) Leftward shift in demand curve3) Price remains..........4) Increase and decrease in demand comesunder. .Price in ? Huzurpaga English medium School and Junior College.Laxmi RoadSubject : EconomicsTerm-1Total-50 MarkQ.1A) Complete the correlation.(3 marks)1. Microeconomics : Slicing methodMacroeconomics:2. Pen and ink :Tea and coffee: Substitutes.3. Demand curve: DownwardSupply curve:Q.1.B) Match the correct pairs.( 4 marks)А.В1. Time utility.a. Transport.2 Place utility.b.Blood Bank.3. Service utility. c. Mobile phone.4. Knowledge utility d. Doctor.Q.1.C) Complete the following statements.(3 marks)1. The branch of economics that deals with the allocation of resourcesa) microeconomics .b) macroeconomicsc) econometrics.d) none of these.2. The relationship between income and demand for inferior good isa) directb) inversec) no effectd) can be direct and inverse.3. Demand curve is parallel to X axis in case ofa) perfectly elastic demandb)perfectly inelastic demandc) relatively elastic demandd) relatively inelastic demand.Q.2.A) Identify and explain the concepts from the given illustrations (any 2)(4 marks)1. Gauri collected the information about the income of a particular firm.2. Ramesh decided to take all decisions related to production, such asand how to produce?3. Salma purchased sweater for her father in winter season .Q.2.B)Distinguish between (any two)(4 marks)1. Desire and Demand.2. Stock and Supply.3.. Expansion of Supply and Increase in Supply .Q.3. answer the following questions (any 2)(8 marks)1. Explain the features of Micro economics.2. Types of of elasticity of demand.3. Variation in supply.Q.4. State with reason whether you agree or disagree with the following statements (any 2)marks)(81. Scope of micro economic is unlimited.2. Price is the only determinant of demand.3. Macro economics is different from micro economicsQ.5 Observe the following table, graph , diagram and answer the following questions (any 2)(8 marks)

When total utility is maximum, marginal utility is zero When total utility falls, marginal. Utility…

Q. 4. Observe the given table and answer the questions: Unit of a commodity TU units MU units 1 6 2 11 5 3 15 4 4 15 5 14 -1 1) Draw total utility curve and marginal utility curve. 2) a) When total utility is maximum marginal utility is[ b) When total utility falls, marginal utility becomes

Q. 4. Observe the given table and answer the questions: Unit of a commodity TU units MU units 1 6 2 11 5 3 15 4 4 15 5 14 -1 1) Draw total utility curve and marginal utility curve. 2) a) When total utility is maximum marginal utility is[ b) When total utility falls, marginal utility becomes

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Chapter1: Making Economics Decisions

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Question

Huzurpaga English medium School and Junior College.
Laxmi Road
Subject : Economics
Term-1
Total-50 Mark
Q.1A) Complete the correlation.
(3 marks)
1. Microeconomics : Slicing method
Macroeconomics:
2. Pen and ink :
Tea and coffee: Substitutes.
3. Demand curve: Downward
Supply curve:
Q.1.B) Match the correct pairs.
( 4 marks)
А.
В
1. Time utility.
a. Transport.
2 Place utility.
b.Blood Bank.
3. Service utility. c. Mobile phone.
4. Knowledge utility d. Doctor.
Q.1.C) Complete the following statements.
(3 marks)
1. The branch of economics that deals with the allocation of resources
a) microeconomics .
b) macroeconomics
c) econometrics.
d) none of these.
2. The relationship between income and demand for inferior good is
a) direct
b) inverse
c) no effect
d) can be direct and inverse.
3. Demand curve is parallel to X axis in case of
a) perfectly elastic demand
b)perfectly inelastic demand
c) relatively elastic demand
d) relatively inelastic demand.
Q.2.A) Identify and explain the concepts from the given illustrations (any 2)
(4 marks)
1. Gauri collected the information about the income of a particular firm.
2. Ramesh decided to take all decisions related to production, such as
and how to produce?
3. Salma purchased sweater for her father in winter season .
Q.2.B)Distinguish between (any two)
(4 marks)
1. Desire and Demand.
2. Stock and Supply.
3.
. Expansion of Supply and Increase in Supply .
Q.3. answer the following questions (any 2)
(8 marks)
1. Explain the features of Micro economics.
2. Types of of elasticity of demand.
3. Variation in supply.
Q.4. State with reason whether you agree or disagree with the following statements (any 2)
marks)
(8
1. Scope of micro economic is unlimited.
2. Price is the only determinant of demand.
3. Macro economics is different from micro economics
Q.5 Observe the following table, graph , diagram and answer the following questions (any 2)(8 marks)

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