File Details:

{"filename":"bca-3-sem-business-economics-3103-2023.pdf","description":"This file contains the B.C.A. Third Semester examination paper for Business Economics (Fourth Paper) from 2023. It includes questions on topics such as demand function, elasticity of demand, consumer surplus, market structures, outsourcing, G-20, market failure, WTO, and national income."}

Questions:

  1. Write a short note on: Demand Function, Elasticity of Demand, Consumer's Surplus.
  2. Distinguish between Direct and Indirect methods of Demand Forecasting, Economies of Scale and Diseconomies of Scale.
  3. Explain the following concepts: Production Function, Law of Variable Proportions, Fixed Cost and Variable Cost.
  4. Explain the conditions for the equilibrium of a firm under perfect competition. Discuss Total Revenue, Average Revenue, and Marginal Revenue.
  5. What do you understand by oligopoly? Compare the features of oligopoly market structure with monopoly. Give examples of both.
  6. Write a short note on: Price Discrimination, Dumping, Marginal Cost Pricing.
  7. What are the factors behind Market Failure? What role can the state play in rectifying the condition of market failure?
  8. Explain how the National Income and Output are measured. What is the difference between Gross Domestic Product and Gross National Product?
  9. What is the role of the WTO as a regulator of global trade? What are its major functions for ensuring free trade?
  10. Write a short note on: Outsourcing, G-20 and its role in the World Economy.
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