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

Questions asked in this paper

1. Q1 A) Define the following terms: (Any 4) 8 marks
2. Q1 Supply
3. Q2 Cost and profit analysis
4. Q3 Market
5. Q4 Perfect Competition 7 marks
6. Q5 Production function
7. Q6 Goods and services
8. Q7 Elasticity of demand
9. Q1 B) State whether the following statements are true or false: (Any 7) 7 marks
10. Q1 Macro and micro economy ate the modern branches of economy
11. Q2 Demand for the product can affect to supply
12. Q3 All inferior goods are Giffen goods
13. Q4 Extent of price change affects the elasticity of demand Demand forecasts are essential to plan future production and supply analysis
14. Q6 In economics, the term production applies-only to manufacturing of goods
15. Q7 The laws to return scale applies to agriculture in developing economies
16. Q8 TC stands for Total cost
17. Q9 There is difference between economic and accounting costs
18. Q10 Small firms do not need to forecast demand
19. Q2 A. Explain different types of price elasticity of demand. 8 marks
    • B. State the difference between Micro and Macro 7
    • C. Define business economics and explain its scope. 8
    • D. Explain the law of demand. GQ) = @
20. Q3 A. Explain the laws of returns to scale. 8 marks
    • B. Explain the types of production functions

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