B.Com In Financial Management SEM I 2017 2018 Mar 2018 BUS.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 a) State whether following statements are True or False: ( Any 8) 8 marks
2. Q1 When total values increases marginal values will be negative
3. Q2 Demand and price are directly related
4. Q3 Inferior goods have negative income effects
5. Q5 Production refers to.creation of utilities
6. Q6 Returns to scale determine the behaviour of long run average cost curve
7. Q7 Industry is in equilibrium when all firms earn normal profit
8. Q8 Due to product differentiation a firms demand curve is downward sloping
9. Q9 Companies use transfer pricing to avoid taxes
10. Q10 For price discrimination product must differ in quality
    • b) Match the following: (Any 7) 07
11. Q2 Law of demand b). Shut down point
12. Q3 Demand function in linear Pricing strategy
13. Q5 Slope of iso-cost line e) Condition for price
14. Q6 Explicit cost f) Uses economic survey and
    • Q.P. Code :20879
    • a) Highlight the degrees of price elasticity of demand with the help of diagrams. 08
    • b) Explain types of demand forecasting. 07
    • c) Explain the methods of measuring price elasticity of demand with suitable examples. 08
    • d) Following table shows hypothetical demand schedule for oranges demanded by demanded by demanded by
15. Q3 a) Explain the meaning of internal economies of scale and its types. 8 marks
    • c) Given Total Fixed Cost (TFC) as Rs.200. With the help of following information 08 calculate Total cost (TC), Average fixed cost (AFC), Average total cost (ATC), and
    • d) Examine diagrammatically determination of break — even point. 07
16. Q4 a) Define ‘price leadership’ concept. Highlight various types of price leadership. 8 marks
    • b) Explain how perfect competition market is different from monopoly market. 07
    • c) Explain with the help of diagram how does a monopolistic competitive firm earns 08 supernormal profit, normal profit and loss in the short run
    • d) Examine role of advertisement in product promotion in monopolistic competition market. 07
    • Q.P. Code :20879
17. Q5 a) Explain the meaning and degrees of price discrimination. 8 marks
    • b) Explain in detail cost plus pricing with its limitations. 07 Write short note on: (Any 3) 15
    • b) Importance of elasticity of demand
    • c) Expansion path
    • d) Sources of monopoly
    • e) Dumping

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