Economics
F.Y.B.A.F Question Bank Sem I
(MU)
Q1. Explain
the Scope of business economic.
Q2 Explain
the basic economic relations with reference to Total, Average and Marginal.
Q3: The
equilibrium price will change wherever there is change in demand or supply or
both. Explain.
Q4: What
are the determinants of Demand?
Q5: Explain
the Demand Function.
Q6: Explain
the nature of Demand Curve in different markets.
Q7: Explain
the different types of price elasticity of demand.
Q8: Explain
the methods of measuring elasticity of demand.
Q9: Define
Income elasticity of demand. What are the different types of income elasticity
of demand?
Q10: Explain
the significance of elasticity of demand.
Q11: What
do you mean by Demand Forecasting? Explain its importance.
Q12: Explain
the various methods of demand forecasting.
Q13: Explain
the properties of Iso – quants.
Q14: Explain
the concept of least cost combination or producer’s equilibrium.
Q15: Explain
the Law of Variable proportions.
Q16: Explain
the Law of Returns to Scale.
Q17: Explain
the types of internal and external economies.
Q18: Explain
the various concepts of costs.
Q19: Explain
the behavior of short run average cost curves with schedule and diagram.
Q20: Explain
the cost analysis during long run period.
Q21: Explain
the concept of Break even analysis with the help of suitable chart and diagram.
Q22: Explain the short run
equilibrium of firm under prefect competition with identical cost condition.
Q23: Explain the short run
equilibrium of firm under prefect competition with differential cost condition.
Q24: Explain the long run
equilibrium of firm under perfect competition.
Q25: Explain
the long run equilibrium of industry under perfect competition.
Q26: Write
a detailed note on Profit Maximization under perfect competition.
Q27: How is equilibrium price
and output is determined under monopoly in short run?
Q28: Explain the equilibrium
of monopoly in long run.
Q29: How does an individual
firm attain equilibrium under monopolistic competition in the short run?
Q30: How does an individual
firm attain equilibrium under monopolistic competition in the long run?
Q31: What
are selling costs? Why are they peculiar to monopolistic competition alone?
Q32: Define Oligopoly. What
are the important features of oligopoly?
Q33: Explain the price
rigidity situation in an oligopoly market with the help of kinked demand curve.
Q34: Explain the equilibrium
of an oligopoly firm facing kinked demand curve.
Q35: Define
price discrimination. Explain the different ways of price discrimination.
Q36: What are the conditions
of price discrimination?
Q37: Explain the different
degrees of price discrimination.
Q38: Explain
how price and output equilibrium is reached under discriminating monopoly.
Q39: Explain
Cost Plus Pricing or Full Cost pricing method.
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