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Posted By: Jyothi Member Level: Diamond Posted Date: 18 Dec 2007
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2007 Bangalore University B.B.M Business Economics Question paper
III Semester B.B.M. Examination, Nov./Dec. 2007
(New Semester Scheme)
BUSINESS MANAGEMENT
Paper - 1.3 : Business Economics
Time : 3 Hours Max. Marks : 90
Instruction : Answer should be written completely in English.
SECTION - A
1. Answer any ten of the following. Each question carries two marks. (10x2=20)
a) State any two objectives of Business Economics.
b) What is an ISO-cost curve ?
c) Distinguish between 'GDP' and 'GNP'.
d) State any four assumptions of LDMU.
e) State the per capita income of the following countries.
i) UK ii) USA iii) Singapore iv) India.
f) Name any four determinants of demand.
g) State any four features of perfect competition.
h) Expand the following :
i) ED = Infinity ii) ED = 0 iii) IC iv) LMC.
i) State the nature of market structure for the following :
a) Domestic airlines sector
b) Organised retailing
j) State the phases of a business cycle.
k) What ia consumer enquilibrium ?
l) 'Selling cost' is a feature of which market structure ?
SECTION - B
Answer any five of the following. Each question carries five marks. (5x5=25)
2. Discuss the scope of business economics.
3. Analyse the properties of indifference curve.
4. Explain the essential conditions for price discrimination.
5. With the help of the following data, adopting total outlay method, find out the price elasticity of demand
Price in Rs. Quantity demanded in units
a) 12 500
10 650
08 900
b) 12 500
10 600
08 750
c) 12 500
10 525
08 625
6. Give meaning of the terms "Total Revenue", "Average Revenue" and "Marginal Revenue".
7. Answer the following :
i) TC - TVC = ?
ii) AFC + AVC = ?
iii) AC-AVC = ?
iv) FC + VC = ?
v) TFC/Q = ?
8. Explain the features of oligopolitic market.
9. Analyse the importance of the law of Equi-Marginal Utility.
SECTION - C
Answer any three of the following. Each question carries fifteen marks. (3x15=45)
10. Explain how price - output is determined under monopoly ? Also state the essential conditions for price discrimination in monopoly.
11. Discuss the law of variable proportions and explain its practical importance in production.
12. What are business cycles ? State their features. Also describe the various phases of a business cycles.
13. Define National Income. Explain the important concepts of National Income. Also state the usefulness of NI estimates.
14. Write short notes on the following :
i) Money cost of production
ii) Real cost of production
iii) Explicit and implicit cost
iv) Product differentiation.
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