Master of Commerce (M.Com.) MCom Accountancy SEM I 2018 19 Dec 2018-19 ECONOMICS FOR BUSINESS DECISION Question Paper - Mumbai University | munotes

Questions asked in this paper

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• 2. Figures to the right indicate full marks

1. Q1 the basic concepts used in the game theory
   • ii) Discuss dilemma of both suspects Alen and Jack Paper Subject Code: 71802 Economics for Business Decision
   • a) State whether the following statements are true or false 07
2. Q1 Business economics is the applications of economics to business decisions
   • ii) Ina market economy prices act as incentives and signals
   • ii) Profit is maximized at a point where total revenue is greater than total cost
   • v) The imperfect information is a source of market failure
   • vi) Market failure does not occur in the case of public goods vil) Allocative efficiency occurs when goods and services are distributed according to consumer
   • b) Give precise meaning of the following 08
3. Q4 Write short note on any three of the following 15 marks
   • a) Scope of Business Economics
   • c) Expansion path
   • d) External Economies
   • e) Cartels Paper Subject Code: 71802 Economics for Business Decision Please check whether you have got the right question paper
   • S) AT Paper Subject Code: 71802 Economics for Business Decision
   • i) “aa gia” ii)
   • ii) St
   • iv) = — GA
   • v) St vi) vii) ii) iii) ii) iii)

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