Bachelor Of Management Studies (BMS) SEM I 2016 2017 March 2017 BUS.ECONOMICS Question Paper - Mumbai University | munotes

Questions asked in this paper

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1. Q1 a) State whether the following statements are True or False. (Any Eight) 8 marks
   • i. Opportunity costs arise because resources are unlimited
2. Q2 An exogenous variable is within an economic model,
3. Q3 income elasticity of demand for normal gocds is negative 4, The Delphi method uses time series data
4. Q5 Average cost increase due to increasing return to scale
5. Q6 Anincrease in price will decrease the break-even point \ 7. Product sold in monopolistic competition is differentiated
6. Q8 AKinked demand curve indicates price rigidity in non-collusive oligopoly
7. Q9 Transfer pricing is regulated by the government
8. Q10 Price discrimination is not profitable if elasticity of demand is the same in different market
   • b) Match the following (Any Seven) 7
9. Q1 of demand a) Demand forecasting for intermediate product
10. Q2 Promotional elasticity | c) Large number of buyers & sellers
11. Q5 e) When price of product falls 6, Fixed cost f) High price in initial stage
12. Q7 competition > g) OPEC
13. Q8 Cartel formation h) The analysis of national income
    • k) Advertisement outlay Explain the nature of demand curve in different markets. (08)
    • B) Whatis demand forecasting? Explain the survey method of demand forecasting. “The demand ec uation for Sugar is given as Qqs = and the price of sugar is given in below table (08) Price of Sugar (Rs) Quantity of demand (Kg) 7
    • Q.P. Code : 00783 Answer the following questions:
14. Q1 Calculate quantity of demand for sugar at given prices. 3 marks
15. Q2 help of above demand schedule draw a demand curve. 2 marks
16. Q3 Calculate price elasticity of demand when price changes from Rs 10 to Rs 15. 3 marks
    • D) Explain the geometrical measurement of price elasticity of demand. 7
17. Q3 A) Explain the causes for the various stages in the law of variable proportions. 5 B) envelopes a number of short run average cost curves” Discuss (07) 8 marks
    • C) Given TFC as Rs 145, calculate TC, ATC, AVC, and MC from the following dats. 8
    • D) What is break-even point? Explain the limitations of break-even analysis. 7
18. Q4 A) What is monopoly? What are its features? 8 marks
    • B) Explain the kinked demand curve hypothesis in an oligopoly market. the role of advertisement under monopolistic competition, (08) 7
    • D) Explain the short run equilibrium of a the perfect competition with the help of suitable 7
19. Q5 A) Distinguish between marginal cost pricing & full cost pricing. 8 marks
    • B) What is price discrimination? Explain the different degrees of price discrimination. Write short notes on (Any Three) (15) 7
20. Q1 Scope of Business economics
21. Q2 Types of demand forecasting
22. Q3 equilibrium
23. Q4 Features of oligopoly

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