B.Com In Banking & Insurance (BCBI) Sem I 2016 2017 Feb 2017 ATKT ECONOMICS Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Explain the following terms Elasticity of Demand 3 2 A) Explain factors which determines demand. (8) 15 marks
   • B) Explain in detail production possibility curve. Cc Discuss the various types of price elasticity of demand. (8) 7
   • D) Define ‘Demand forecasting’. Explain steps involved in demand forecasting. 3 A) Describe the demand curve under different market structures. (8) 7
   • B) Explain the various methods to measure elasticity of demand. ) Discuss law of returns to scale, (8) Explain external economies and diseconomies of scale. (7 Analyse various short run cost concepts with suitable diagram. (8) 7
   • B) Examine break — even in detail, 7
2. Q4 C) Define ‘monopolistic competition’. Explain its characteristics with suitable examples
   • D) State and explain difference competition and monopoly
3. Q5 A) Define ‘oligopoly’. Explain different models of oligopoly. 8 marks
   • B) Highlight the wastes of monopolistic competition. 7
4. Q5 C) Explain the concept and types of price discrimination. ‘8)
   • D) Explain in detail the concept of dumping. 7

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