Bachelor Of Management Studies (BMS) SEM I 2022 2023 Dec 2023 BUSINESS ECONOMICS I Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 A) Fill in the Blanks (Any 8) 8 marks
2. Q1 Supply Curve is sloping
3. Q2 Market demand is derived by adding up all demand
   • a. Direct
4. Q5 The market demand curve slops from left to right
   • a. downward. C. horizontal
5. Q6 Market supply is derived by adding up all supply
6. Q7 Opportunity cost is also called as cost
   • a. Total b. alternative
7. Q8 of decrease in supply, demand remaining unchanged equilibrium price
8. Q9 Fixed Cost is regarded as Cost
9. Q10 Transfer pricing refers to pricing
   • (B) State whether the following statements are True or False (Any _ 7)
10. Q1 Total is per unit value
11. Q2 The market demand schedule shows the direct relationship between price and quantity
12. Q3 Demand varies directly with price
13. Q4 Incase of inferior goods income elasticity of demand is positive
14. Q5 Expert opinion method is more accurate and reliable
15. Q6 The iso-quants are concave to the origin
16. Q7 The break-even point, the company makes loss
17. Q8 In perfect competition there in large numbers of buyers and single seller
18. Q9 The monopolist nas full control over market supply
19. Q2 A. Explain nature of demand curve under perfect competition. 8 marks
    • B. Explain in detail promotional elasticity of demand. 07
    • C. What is significance of demand forecasting? 07
    • D. Explain Cross elasticity of demand with diagram. 08
20. Q3 A Write a note on economic of scale 8 marks
    • B. What do you mean by BEP? Write note on its formula. 07
    • C. Explain relationship between AC and MC 08
    • D. Write note on limitation of break even point 07
21. Q4 A. Write note on Source of monopoly 8 marks
    • B. Compare feature of different market structure. 07
    • C. Write a note on characteristics of monopolist competition. 08
    • D. Explain short run equilibrium of industry under perfect competition. 07
22. Q5 , Short Notes (Any Three) 1S
23. Q1 Write note on Dumping
24. Q2 Advantages of price discrimination
25. Q4 Use of Marginal analysis in decision making,
26. Q5 Scope of Business Economics in brief Individual and Market supply 15

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