I Sem B.com - Business Economics Question Paper 2006

Ist Sem B.com Examination Nov/Dec - 2006

COMMERCE

Business Economics - I

Time: 3 Hrs. Max. Marks: 90

Section - A

1. Answer any Ten sub-questions. Each sub-question carries 2 marks (10x2=20)

a) State any two main differences between Economics and Business Economics.

b) What is Consumer surplus ?

c) What is indifference curve ?

d) What do you mean by survey method of demand forecasting ?

e) What is meant by production function ?

f) What do you mean by Internal Economies of scale of production ?

g) Distinguish between frm and Industry.

h) Give an imaginary supply schedule for a commodity of your own choice.

i) What is meant by opportunity cost ?

j) State the important phases of law of variable proportions.

k) What do you mean by Business Operations ?

l) What is the difference between cost and price ?

Section - B

Answer any Five of the following. Each question carries 5 marks (5x5=25)

2. Who is Business Economist ? Discuss the role of Business Economist in a firm.

3. Explain why demand curves always slopes downward from left to right.

4. What is demand forecasting ? What are the significance of demand forecasting ?

I lost paper