BCom In Accounting & Finance (BCAF) SEM I 2016 2017 March 2017 ECONOMICS Question Paper - Mumbai University | munotes

Questions asked in this paper

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• 2. Figures to the right indicate full marks

1. Q1 State whether the follawing statements are True or False. (Any Eight) 8 marks
2. Q1 Opportunity costs arise because resources are unlimited
3. Q2 An exogenous variable is within an economic model,
4. Q3 Income elasticity of demand for normal goods is negative
5. Q4 The Delphi method uses time series data
6. Q5 Average cost increase due to increasing return to scale
7. Q6 Anincrease in price will decrease the break-even point
8. Q7 Product sold in monopolistic competition is differentiated
9. Q8 AKinked demand curve indicates price rigidity in non-collusive oligopoly
10. Q9 Transfer pricing is regulated by the government
11. Q10 Price discrimination is not profitable if elasticity of demand is the same in different market
    • b) Match the following (Any. Seven) 7
    • a) Demand forecasting for intermediate product Explain the nature of demand curve in different markets. (08) What is demand forecasting? Explain the survey method of demand forecasting. (07) f The demand equation for Sugar is given as = 200-5P; and the price of sugar is given in below table (08)
    • Q.P. Code : 00783 Answer the following questions:
12. Q1 Calculate quantity of demand for sugar at given prices. (03
13. Q2 With the help of above demand schedule draw a demand curve. (02
14. Q3 Calculate price elasticity of demand when price changes from Rs 10 to Rs 15. (03
    • D) Explain the geometrical measurement of price elasticity of demand. (07
15. Q3 A) Explain the causes for the various stages in the law of variable proportions. (08
    • B) “The LAC effvelopes a number of short run average cost curves” Discuss (07
    • D) What is break-even point? Explain the limitations of break-even analysis, (07,
16. Q4 A) monopoly? What are its features? 8 marks
    • B) Explain the kinked demand curve hypothesis in an oligopoly market. 7
    • C) Explain the role of advertisement under monopolistic competition. 8
    • D) Explain the short run equilibrium of a firm under the perfect competition with the help of suitable 7
17. Q5 A) Distinguish between marginal cost pricing & full cost pricing. 8 marks
    • B) What is price discrimination? Explain the different degrees of price discrimination. 7
18. Q5 Write short notes on (Any Three) 15 marks
19. Q1 Scope of Business economics
20. Q2 Types of demand forecasting
21. Q3 equilibrium
22. Q4 of oligopoly
23. Q5 Dumping

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