I Semester B.Com. Examination, November/December 2010
(Semester Scheme)
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) State any two main difference between business economics and economics.
b) What is consumer’s surplus ?
c) What do you mean by Business operations ?
d) What is utility ?
e) What is indifference schedule ?
f) What is Demand Schedule ?
g) What do you mean by Veblon’s effect ?
h) What is Average cost ?
i) Distinguish between Firm and Industry.
j) What do you mean by Elasticity of Supply ?
k) Give the meaning of Demand Forecasting.
l) What do you mean by Income line ?
SECTION - B
Answer any five questions. Each sub-question carries 5 marks: (5x5=25)
2. Discuss the scope of Business Economics.
3. Explain the different forms of elasticity of demand.
4. With the help of the following data, adopting total outlay method, find out price elasticity of
demand. Show the graphics representation.
Price (in Rs.) Qty Demanded (in units)
a) 20.00 600
15.00 900
10.00 1400
b) 20.00 600
15.00 700
10.00 800
c) 20.00 600
15.00 800
10.00 1200
5. With the help of data given below, find F.C, V.C, A.F.C, AVC, AC and MC
Output (in units) 0 1 2 3 4 5 6
Total Cost (in Rs.) 360 540 600 630 675 780 990
6. What is the law of Equi-Marginal utility ? What are the assumptions of the law ?
7. What is market demand schedule ? What are the influencing factors ?
8. Give the meaning of external economies ? Explain its forms.
9. Explain the short-run behaviour of F.C., V.C. and T.C. with the help or graph.
(Semester Scheme)
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) State any two main difference between business economics and economics.
b) What is consumer’s surplus ?
c) What do you mean by Business operations ?
d) What is utility ?
e) What is indifference schedule ?
f) What is Demand Schedule ?
g) What do you mean by Veblon’s effect ?
h) What is Average cost ?
i) Distinguish between Firm and Industry.
j) What do you mean by Elasticity of Supply ?
k) Give the meaning of Demand Forecasting.
l) What do you mean by Income line ?
SECTION - B
Answer any five questions. Each sub-question carries 5 marks: (5x5=25)
2. Discuss the scope of Business Economics.
3. Explain the different forms of elasticity of demand.
4. With the help of the following data, adopting total outlay method, find out price elasticity of
demand. Show the graphics representation.
Price (in Rs.) Qty Demanded (in units)
a) 20.00 600
15.00 900
10.00 1400
b) 20.00 600
15.00 700
10.00 800
c) 20.00 600
15.00 800
10.00 1200
5. With the help of data given below, find F.C, V.C, A.F.C, AVC, AC and MC
Output (in units) 0 1 2 3 4 5 6
Total Cost (in Rs.) 360 540 600 630 675 780 990
6. What is the law of Equi-Marginal utility ? What are the assumptions of the law ?
7. What is market demand schedule ? What are the influencing factors ?
8. Give the meaning of external economies ? Explain its forms.
9. Explain the short-run behaviour of F.C., V.C. and T.C. with the help or graph.
Question paper requested by: Moyurakhi Gogoi & Dipankar
Comments
Post a Comment