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2019 Politics Alagappa University, Distance Education, B.B.A. Degree Examination, Principles of Economics 2, First semester, May 2019. Question paper
Are you looking for the old question papers from Alagappa University of Principles of Economics 2 paper? Here is the previous year question paper from Alagappa University. This is the original question paper of Principles of Economics 2, First semester exam conducted in May 2019. Feel free to download the question paper from here and use it to prepare for your upcoming exams.
B.B.A DEGREE EXAMINATION, MAY 2019.
PRINCIPLES OF ECONOMICS 2
(CBCS - 2018-2019 Academic Year Onwards)
Time : Three Hours Maximum : 75 marks
Part A - (10×2=20 marks)
Answer all questions
1. Define Break even point.
2. How unit contribution is calculated?
3. Write a short notes on elasticity of demand.
4. Define the law of Increasing returns.
5. What is meant by forecasting of profit?
6. What is production?
7. Write a short note on 'Consumer surplus concept'
8. Why does the law of demand operate?
9. What is place utility?
10. Who is managerial economist?
PART B - (5×5=25 marks)
Answer all questions, choosing either (a) or (b)
11.a) Explain the concept of consumer surplus with the help of a diagram.
b) Describe the relationship between Marginal utility and Total Utility.
12.a) What are the steps involved in demand forecasting?
b) Distinguish between monopoly and perfect competition.
13.a) What are the advantages of Monopoly?
b) "Profit is the reward for risk taking?Explain
14.a) Why does the law of demand operate?
b) Explain the importance of labour in the factor of production.
15.a) What is break even analysis?Explain its limitations?
b) Why the short run average cost curve is U-shaped?
PART C - (3×10=30 marks)
Answer any Three questions.
16. Define managerial economics. Explain its significance and limitations.
17. Explain the law of Diminishing Marginal Utility.
18. Define Production. What are the different factors of production?
19. Explain the methods of forecasting of profit.
20. Discuss the various methods of pricing.
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