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

Questions asked in this paper

1. Q2 Figures to right indicate full marks
2. Q1 A. State whether the following statements are True or False. (Any Eight) 8 marks
3. Q1 Economics deals with the problem of scarcity of resources
4. Q2 The demand curve has negative slope
5. Q3 Price elasticity of demand for necessary commodities is less than one
6. Q4 Small firms do not need to forecast demand
7. Q5 Iso- cost line shows combination of labour and its cost
8. Q6 Cheapening of materials and equipment is one of the external economies of scale
9. Q7 An increase in variable cost will increase the Break Even sales
10. Q8 OPEC is not an example of an explicit collusive oligopoly monopoly price is determined by market market supply
11. Q10 Full cost pricing has certain limitations
12. Q1 B. Match the following. (Any Seven) 7 marks
13. Q4 Smooth Convex Isoquant d. Place for buying and selling of goods
14. Q10 International price discrimination j. Fixed combination of inputs
15. Q2 A. Define Demand and explain its determinants. 8 marks
    • B. Explain the types of price elasticity of demand. 7
    • C. Ramesh and Suresh are assumed to be the buyer of commodity x. Given below is demand equation for Ramesh Qx = 50-2p and for Suresh Qx = 60 -3p, complete the
    • D. Explain the statistical method of demand forecasting. 7
16. Q3 A. Explain the law of returns to scale. 8 marks
    • B. Explain the various concepts of costs. 7
    • D. Explain the concept of break-even point with the help of diagram. 7
17. Q4 A. What is market? Examine the various types of market. 8 marks
    • B. What are the characteristics of perfect competition? 7
    • C. Explain with the help of diagram how does a monopolistic competitive firms earns super normal profit, normal profit and loss in the short run. (8)
    • D. Discuss the kinked demand curve concept with the help of suitable diagram. 7
18. Q5 A. Explain in detail marginal cost pricing. 8 marks
    • B. Define price discrimination. Discuss its various degrees. 7
19. Q5 Write Notes 3) 15 marks
20. Q1 Opportunity Cost
21. Q2 Promotional elasticity of demand
22. Q3 Ridge lines
23. Q4 Arguments against advertising

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