2013
(June)
COMMERCE
Paper: 105
(Business Economics)
Full Marks: 90
Time: 3 hours
The figures in the
margin indicate full marks for the questions
a)
Name one of the methods of measuring price
elasticity of demand.
b)
Mention one of the exceptions of the law of
development.
c)
Name the four factors of production.
d)
Write one factor which determines supply of
labour.
e)
Write one objectives of the business firm.
f)
Write one of the differences between monopoly
market and perfect competition market.
g)
Write one of the features of oligopoly market.
h)
What do you mean by price leadership?
i)
Mention one of the main reasons of labour
exploitation.
j)
Who is the profounder of risk bearing theory of
Profit?
(B) Write short notes on any four: 5x4=20
a)
Income elasticity of demand.
b)
Expansion Path.
c)
Kinked Demand Curve Model.
d)
Quasi-rent.
e)
Perfect Competition Market.
2.
(a) What do you mean by ‘Business Economics’? Discuss in detail the basic
problems of an economic system.
6+9=15
Or
(b) Discuss the factors which determine the elasticity of
demand. 15
3.
(a) Explain the various economies and diseconomies of large-scale production. 7.5+7.5=15
Or
(b) What is ‘production function’? Explain the law of
variable proportions with the help of diagrams. 6+9=15
4.
(a) Discuss the various phases or steps of business decision making process. 15
Or
(b) How does a business man fix his equilibrium price in
monopoly market? Explain with the help of a diagram. 15
5.
(a) Critically examine the Ricardian theory of rent. 15
Or
(b) Discuss the Marginal Productivity Theory of wages. 15
***
Post a Comment
Kindly give your valuable feedback to improve this website.