I sem B.com - Business Economics - Question Paper 2009

I Sem B.Com Examination Nov/Dec - 2009
COMMERCE
Business Economics - I

Time: 3 Hrs.                        Max. Marks: 90

SECTION - A

Answer any ten of the following. Each sub-question carries 2 marks. (10x2=20)

a) Who is a Business Economist ?
b) What is decision - making ?
c) State the meaning of consumer equilibrium.
d) What are the exceptions to the law of supply ?
e) What is explicit cost ? Give an example.
f) What is cross elasticity of demand.
g) Mention any four determinants of demand,
h) Mention any two determinants of elasticity of demand.
i) State two features of production function.
j) What are external economies of scale ?
k) What do you mean by business operation ?
l) Define market demand schedule.

SECTION - B

Answer any five questions. Each question carries five marks :  (5x5=25)

2. What is law of demand ? Mention the exceptions to the law of demand. 
3. Briefly explain the role of a business economist.
4. What is consumer sovereignty ? State the limitations of consumer sovereignty.
5. State the meaning of indifference curve. State the properties of indifference curve.
6. Explain the types of production function.
 

Download - .pdf(660KB)

Question paper requested by: Moyurakhi Gogoi