File Details:

Questions:

1. What do you mean by Business Economics?
2. Explain Price Mechanism.
3. What is Cross Demand?
4. Define Marginal Cost.
5. What is Total Revenue?
6. Explain Iso-Product Curve.
7. What do you mean by Equilibrium of firm?
8. What is Law of Variable Proportion?
9. Define Dumping.
10. What is meant by Oligopoly? Give its two examples.
11. Explain the Degrees of Price Elasticity of demand.
12. Define Production Function and discuss its characteristics.
13. Explain law of Diminishing Returns and describe its assumptions.
14. Define 'Internal economies' of large scale production and discuss the various kinds.
15. Define Market and explain various types of market.
16. How does a firm attain equilibrium under Imperfect competition?
17. What do you mean by Monopolistic competition? Discuss its main features.
18. Discuss the statement 'Profit is payment for uncertainty bearing.'
19. Explain the features of Monopoly and discuss the causes of its emergence.
20. How is price determined under monopoly in the short period?
21. Explain the characteristics and scope of Business Economics.
22. When is Price Discrimination possible in Monopoly? Is Price Discrimination justified?
23. What do you mean by elasticity of Demand? Describe the factors upon which it depends.
24. What do you understand by Average Revenue and Marginal Revenue? Discuss the importance of Revenue analysis.
25. Explain 'Increasing return to scale' and 'Constant return to scale' with examples.