Microeconomics Final Summer 2025 Question Paper

Daffodil International University Faculty of Business and Entrepreneurship Department of Business Administration Program: BBA Semester: Summer-2025 Time: 120 minutes Examination: Final Full Marks: 40 Course Title: Microeconomics Course Code: 0311-212 Teachers' Initial: DMMI; DSMR, SKH, MSB Answer All the Following Questions: 1. a. Identify different kinds of Price Elasticity of Demand with examples. (CLO 2, Level 3) (4) b. You are Managing Director of a shoe Company. Price of a pair of shoes is Taka 1,000/, and you have increased price of a pair of shoes by 20%. Due to increase in price the demand decreases from 5000 pairs to 4,500 pairs. Calculate Price Elasticity of Demand and interpret your result Develop a business decision based of your result - whether to increase the price of shoes or not. (CLO 2, Level 3) [6] 2. a. Classify different characteristics of Indifference curve with necessary diagrams and explanation wherever applicable. (CLO 3, Level 4) [4] b. Examine that higher Indifference Curves give higher level of utilities and consumers are in equilibrium at a particular point with Indifference Curves. (CLO 3, Level 4) [6) 3. a. Compare and Contrast between perfect competition and monopoly market. (CLO 3, Level 4) [6) b. "Monopolistic Competition has to incur expenses to popularize its brand" Analyze the statement with appropriate logic and example. (CLO 3, Level 4) [4] 4. Write short notes on the following pair of concepts (Any two): (CLO 1, Level 2) [10] a) Economic Cost and Opportunity Cost b) Total Utility and Marginal Utility c) Law of Diminishing Returns and Returns to Scale CamScanner