I Sem B.com - Business Economics Question Paper 2008

Ist Sem B.com Examination Nov/Dec - 2008

COMMERCE

Business Economics - I

Time: 3 Hrs. Max. Marks:90

Section - A

1. Answer any Ten sub-questions. Each sub-question carries 2 marks (10x2=20)

a) What do you mean by Business Economics ?

b) Give the meaning of Decision Making.

c) State the "Law of Demand".

d) Give the meaning of Isoquant Curve.

e) Differentiate between Explicit Cost and Implicit Cost.

f) What is consumer Surplus.

g) Write four determinants of demand.

h) What do you mean by Budget line.

i) Define market demand schedule.

j) Why does supply curve slope upwards ?
k) What do you mean by law of substitution ?

l) What is meant by internal economies ?

Section - B

Answer any Five of the following. Each question carries 5 marks (5x5=25)

2. Explain the relationships between Average Revenue and Marginal Revenue curves.

3. Explain the importance of consumer surplus.

I lost paper