Business
Economics
F.Y.B.Com Question Bank Sem I
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.
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