MICROECONOMICS IMPORTANT QUESTIONS SEMESTER
2 FYBCOM
UNIT 1
SHORT QUESTIONS :
1) TYPES OF CONSUMPTION
2) WHAT IS DIRECT CONSUMPTION ?
3) EXPLAIN CONSUMER SURPLUS WITH EQUATION
4) ASSUMPTIONS OF INDIFFERENCE CURVE .
LONG QUESTIONS :
1) LAW OF DIMINISHING MARGIBNAL UTILITY . ITS
LIMITATIONS.*
2) DISCUSS THE EQUILIBRIUM OF CONSUMER WITH
THE HELP OF INDIFFERENCE CURVE ANALYSIS.
3) LAW OF EQUI MARGINAL UTILITY
4) CONSUMER SURPLUS. ITS LIMITATIONS.*
5) CONSUMER EQUILIBRIUM BASED ON
INDIFFERENCE CURVE ANALYSIS.
6) CONDITIONS FOR CONSUMER EQUILIBRIUM
7) PROPERTIES OF INDIFFERENCE CURVE.
