As you requires I am here giving you sample question paper for MA economics entrance exam of Jadavpur University.

MA Economics Entrance Exam paper

Section I: Choose the correct answer.
1. A publisher from its experience knows that the demand for the forthcoming title of
author X would be: p = 1000 – 2Q. The marginal cost of producing the book is Rs.
20. X receives 10% of revenue earned from the book as royalty.
The publisher and author will agree about the pricing of the book
The publisher’s price choice will be higher than that of the author’s
iii) The publisher’s price choice will be lower than that of the author’s

2. A potential new drug, NoSmak, could cure lip-smacking by one doze, but research and
development would cost $80 million. Under patent the profit of the innovating firm would be
$10 million per year. After the patent expires the innovating firm will have sufficient brand
loyalty to earn $3 million per year for another 10 years. The shortest length of patent required to
induce a firm in innovating the drug would be:
i) 5 years
ii) 8 years
iii) 0 years
iv) 10 years

5. “Requiring airline travelers to spend at least one Saturday night away from home to
qualify for a low fare” is an example of:
i) Uniform pricing
ii) First degree price discrimination
iii) Second degree price discrimination
iv) Third degree price discrimination

Section II: Give short answers

8. An individual has an income of Rs. 20 which he spends on buying apples and oranges. When the
price of an apple is Rs. 5 and price of an orange is Rs.2 he buys 2 apples and 5 oranges. When
the price of an apple is Rs. 6 and price of an orange is Re.1 he buys 2 apples and 8 oranges. Are
his purchases consistent with the Weak Axiom of Revealed Preference? Justify your answer.

9. Consider the production function: q = min[l, k], where q is the quantity of the output of good Q,
and l and k are the quantities of the two inputs L and K respectively. Let w and r, where w Î (0,
) and r Î(0, ), be the prices of inputs L and K respectively. Show that the cost function for this
production function C(q) is given by:
C(q)= (w+r)q.

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MA Economics Entrance Exam Paper

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