BCom In Accounting & Finance (BCAF) SEM I 2015 2016 2015-16 ECONOMICS 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 (Any 8)
3. Q1 Economics is always concerned with scarcity, choice and efficiency
4. Q2 Economic Problem is Universal
5. Q3 Demand is inversely related to
6. Q4 Demand for factors of production is derived demand
7. Q5 Incase of inferior goods income elasticity is negative
8. Q6 The concept of elasticity of demand does not have partial application
9. Q8 Subsidies increase the price of the commodity 9, The concept of consumer surplus has no limitation
10. Q10 Demand forecasting is done by only large scale industries
11. Q1 B) Match the following: (Any 7)
12. Q2 Joint demand b)
13. Q5 Demand for salt e) Few sellers many buyers
14. Q9 Selling cost | i) Car and petrol
    • A) Explain in detail Production Possibility Frontier
    • B) Explain the various tools in economic theories
    • C) Explain the characteristics of demand forecasting
    • D) State the factors influencing demand and supply
    • A) Highlight the characteristics of production function
    • B) Explain the meaning of internal economies of seale and its types. {7}
    • C) Discuss the various types of cost concepts. 8
    • D) Explain the break — even point with the help of linear function Qs. Attempt the following question:
    • A) Explain the features of perfect competition
    • B) State the difference between selling cost and production cost,
    • C) State the different types of price
    • D) Examine the causes of market failure Short notes: (Any 3)
    • B) Learning curve
    • C) Demand schedule
    • D) Economic and accounting cost
    • E) Total revenue

Read from the scan above, so a character or two may differ. The scan is the original.