B.Com In Financial Management SEM I 2023 2024 Dec 2024 BUSINESS ECONOMICS I Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 A) State whether the following statements are true or false: (Any 8) 8 marks
2. Q1 The primary focus of business economics is economic welfare
3. Q2 Price always has a tendency to move away from equilibrium
4. Q3 Advertisement, income are the only factors which influences to the demand
5. Q4 Forecasts and business policy is one of the scope of business economics
6. Q5 Economics is the science of choices
7. Q6 need to be used optimally because they are limited in nature
8. Q7 Macro economics deals with aggregate concept of study
9. Q8 MR stands for Marginal Revenue
10. Q9 Demand forecast is an estimation of demand for the product for a future period
11. Q10 Micro economy and macro economy are the modern branches of economy
12. Q1 B) Match the column (Any 2.AR b. Oligopoly 7 marks
13. Q3 Total cost c. Are tools to study the concept
14. Q9 Break even point i. Car and petrol
15. Q2 A. Define business economics and explain its scope. 8 marks
    • B. State the difference between Mi and Macro Economy. SEMI Business Economics] 2% marks 7
    • C. What are the steps involved in demand forecasting? Explain briefly . 8
    • D. Explain the importance of business economics. 7
    • A. The demand function for a commodity is given as Qd = 40-0.1P and its supply function is given as Qs = 20+0.2P. schedule of demand and supply at prices rs. 100, 200, 300 and 400. Find the equilibrium price and quantity. (8)
    • B. Explain the factors which are affecting to demand. 7
    • C. Explain the types of production function. (8) ‘
    • D. Explain the laws of return to scale. 7
    • A. The Total Fixed Cost (TFC) by a firm is Z. 150;
    • B. State the meaning and features of Monopoly competition. 7
    • C. What is price rigidity? Discuss it with the help of suitable diagram. 8
    • D. Explain short run equilibrium under monopolistic. 7
16. Q5 A. Explain which type of competition it is? And Calculate TR, AR and MR. 8 marks
    • B. Explain the concept of break even point with diagram and solve the following term : The firm A has Fixed operating costs of rs. 3000, the price per unit of its product is “and the variable cost per unit is rs.6. Find out its break even sales in units. (7)
17. Q5 Short notes: (Any 3) 15 marks
    • A. Cartel formation
    • B. Conditions of price discrimination All The Best

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