File Details:

{"filename":"bba-1-sem-principle-of-economics-bba-103n-dec-2018.pdf","description":"This file contains the B.B.A. First Semester examination paper for Principle of Economics (BBA-103(N)) from November\/December 2018 (New Course). It includes questions on topics such as managerial economics, elasticity of demand, production functions, monopoly pricing, laws of returns, liquidity preference theory, profit theories, and cost schedules."}

Questions:

  1. Write four limitations of Economics.
  2. What do you mean by Macro economics?
  3. What do you understand by Balance of Payments?
  4. What is the concept of Demand?
  5. What is price determination?
  6. What is L-shaped cost curve?
  7. What is Quasi rent?
  8. How is 'price effect' different from 'substitution effect'?
  9. Write the concept of profit maximization.
  10. Define oligopoly with an example.
  11. Explain meaning, nature and scope of Managerial Economics and link it with management and its functional areas.
  12. Explain the elasticity of demand. How can it be measured?
  13. Explain the production function in short-run and in long run. What is the relationship between production function and cost function?
  14. How is price demand determined in monopoly? What is the difference between monopoly and perfect competition?
  15. Explain the law of diminishing return and give the inter-relationship between three laws of returns.
  16. Explain the liquidity preference theory of Interest.
  17. Why is profit required? Explain any two theories of profit.
  18. Prepare a cost schedule showing Fixed Cost, Variable Cost, Total Cost, Average Fixed Cost, Average Variable Cost, Average Total Cost, Incremental Cost, and Marginal Cost using provided data.
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