F. Y. B. Com. Economics Semester I Question Bank

 

Q1.   Explain the Meaning and Scope of Business Economics.    

Q2.   Explain the basic economic relations with reference to Total, Average and Marginal. 

Q3 .    Explain the determination of equilibrium price in the market.

Q4.   Explain the meaning and concept of demand. What are the determinants of Demand?

Q5.   Explain the nature of Demand Curve in different markets.

Q6.    Define Income Elasticity of Demand.  What are the different types of Income Elasticity of Demand?

Q7.    Explain the significance of the concept of elasticity of demand ? 

Q8.   Explain the relationship between Price Elasticity and Total Revenue.        

Q9.   Explain the various types of demand forecasting.

Q10.  Explain the various methods of demand forecasting.

Q11.  Write Short Note on “Steps in Demand Forecasting”.   

Q12.  Explain the concept of Iso-quants. What are the properties of Iso-quant ?

Q13.  Explain the concept of least cost combination or producer’s equilibrium.

Q14.  State and explain the Law of Variable Proportions.

Q15.  Explain the Law of Returns to Scale.

Q16.  What do you mean by ‘External Economies of Scale”? Explain the kinds of external economies.

Q17.  What do you mean by internal economies of scale ? Discuss in detail the various kinds of internal economies.

Q18.  Write Short note on Economies of Scope.  

Q19.  Explain the various types of Production Costs.

Q20.  Explain the behaviour of short run average cost curves with schedules and diagram.

Q21.  Explain the Cost Analysis during Long Run Period.

Q22.  Write short note on – Learning Curve         

Q23.  Write short note on – “Break Even Analysis”.

Q24.  Explain the limitations of Beak Even Analysis.