Bachelor Of Management Studies (BMS) SEM I 2017 18 Nov 2017-18 B US. ECONOMICS Question Paper - Mumbai University | munotes

Questions asked in this paper

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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 Microeconomics deals with the analysis of national income
4. Q2 Extension and contraction can be shown on the same demand curve
5. Q4 Cross elasticity of demand for substitutes is positive
6. Q5 Atechnically efficient- production function indicates absence of wastage of resources
7. Q6 External economies may occur due to division of labour
8. Q7 Demand curve of a monopolist is sloping upward from left to right
9. Q8 Price is very flexible in oligopoly
10. Q9 Dumping is known as international price discrimination
11. Q10 Full cost pricing method has certain limitation
    • b) Match the following (Any Seven) 7
12. Q3 Demand forecasting
13. Q4 Positive cross elasticity of demand d) Mathematically express functions
14. Q9 Administered Pricing i) Cost incurred on additional unit Explain the different types of income elasticity of demand. (08)
    • b) Describe in detail the different methods of demand forecasting. 7
    • Q.P. Code :00784
    • c) The demand function for commodity wheat is given by 100-5,,,. The price of wheat is given in below table Price of wheat (Rs.) Quantity demanded (kg) Answer the following questions:
15. Q1 Calculate quantity of demand for wheat at given prices. 3 marks
16. Q2 With the help of above demand Schedule draw the demand curve. 2 marks
17. Q3 Calculate price elasticity of demand when price changes from Rs 4 to Rs 8. 3 marks
    • d) Explain the relationship between AR and MR curves under monopoly. 7
18. Q3 a) Discuss the laws of returns to scale in detail. 8 marks
    • b) Explain the various types of external economies of scale. 7
    • c) Given TFC as Rs 150, Calculate TC, ATC, AFC and MC from the information given below. 8
    • d) What is Break even point? Explain the business application of Break even analysis. 7
19. Q4 a) Explain long run equilibrium of a firm under the monopolistic competitive market. 8 marks
    • b) Distinguish between perfect competition and monopoly. 7
    • c) perfect competition and what are its features? 8
    • d) is price leadership? Explain the types of price leadership. Define price discrimination. What are the various forms of price discrimination? (08) What is multiproduct pricing? How is it done? (07) 7
20. Q5 Write short Notes: (Any Three) 15 marks
21. Q3 Promotional elasticity of demand
22. Q4 Types of Production function
23. Q5 Cartel formation

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