Monday, January 02, 2017

Dibrugarh University Question Papers: Business Economics (May' 2016)

2016 (May)
Course: 202
(Business Economics)
Time: 3 hours
The figures in the margin indicate full marks for the questions
Full Marks: 80
Pass Marks: 24

1. Answer the following as directed:                                       1x8=8
a)      The main problems faced by the Business Managers can be divided into two parts (i) decision making and (ii) ____. (Fill in the blank)
b)      Making successful business forecast is the responsibility of a managerial economist. (State True or False)
c)       ‘The price of the commodity’ is a factor of demand function. (State True or False)
d)      If tea and coffee are substitute goods, then the cross-price elasticity of demand will be
                                 i.            Equal to zero.
                               ii.            Negative.
                              iii.            Positive.
                             iv.            None of the above.
(Choose the correct answer)
e)      Other things remaining the same, the supply of a commodity ____ with rise in its price and ____ fall with a fall in its price. (Fill in the blanks)
f)       Define production function.

g)      In a perfectly competitive market, equilibrium production and ____ are determined where marginal cost curve cuts marginal revenue curve from below. (Fill in the blank)
h)      A firm makes maximum profit when it is in equilibrium. (State True or False)
2. Write on the following in brief:                                                             4x4=16
a)      Four characteristics of business economics.
b)      Four factors affecting price elasticity of demand.
c)       Increasing returns to scale.
d)      Internal economies of a business firm.
3. (a) Discuss the role and responsibilities of a business manager in business economics.                                               8+6=14
(b) Discuss the various problems of an economy.                                                                              14
4. (a) Define price elasticity of demand. Discuss the importance of price elasticity of demand.                     4+10=14
(b) Explain the importance of elasticity of supply in business economics. Discuss the factors determining elasticity of supply.                                                 6+8=14
5. (a) What is an iso-product curve? Explain the different properties of iso-product curves.                          2+12=14
(b) Define expansion path. Discuss how it can be derived with the help of budget line and iso-product curve. 4+10=14
6. (a) What are the basic objectives of a business firm? Discuss how a firm maximizes its profit under perfect competition.                                                 6+8=14
(b) Explain the characteristics of a perfectly competitive market. Why does a firm under perfect competition make only normal profit in the long run?                                                     10+4=14
Full Marks: 80
Pass Marks: 24
1. Answer the following as directed:                                                                                       1x8=8
a)      Making successful business forecast is one of the responsibilities of a managerial economist. (State True or False)
b)      Price mechanism is based on two strong opposite forces. (State True or False)
c)       A perfectly elastic demand curve is parallel/perpendicular to the base. (Choose the correct answer)
d)      Cross-elasticity of demand is applicable in case of two categories of goods (i) substitute goods and (ii) ____. (Fill in the blank)
e)      Internal economies are enjoyed by a business firm due to a decrease/increase in its scale of operation. (Choose the correct answer)
f)       An iso-product curve can never be horizontal or vertical to the base. (State True or False)
g)      How many firms are there in a monopoly market?
h)      Under which market form, a firm is a price taker?
2. Answer the following questions in brief:                                                          4x4=16
a)      Mention four problems of an economy.
b)      Discuss any four types of demand.
c)       Mention at least four elements of demand forecasting.
d)      Mention four characteristics of iso-product curve.
3. (a) Discuss the role and responsibilities of a manager in business economics.                  7+7=14
(b) Mention the characteristics of business economics. Discuss the different problems of business economics. 7+7=14
4. (a) What is price elasticity of demand? Explain the practical utility of price elasticity.                                     4+10=14
(b) What do you mean by elasticity of demand? Explain different methods of measurement of price elasticity of demand.     3+11=14
5. (a) Discuss the law of variable proportions with the help of suitable diagram.                  14
(b) What do you mean by economies and diseconomies of large-scale production? Discuss the different factors influencing economies and diseconomies of large-scale production.                               6+8=14
6. (a) State the features of a perfectly competitive market. Explain the conditions of short-run equilibrium of a firm under perfect competition.                      8+6=14

(b) How does a businessman fix his equilibrium price in monopoly market? Discuss the factors influencing the fixation of this price.                                            5+9=14


Absorption Costing (1) Accountancy (4) accounting for partnership firms (3) Accounting for Share Capital (3) accounts of non trading concern (3) advanced financial accounting (14) AHSEC (149) ahsec 11 (47) ahsec 12 (60) ahsec notes (136) AHSEC Question Papers (35) Assam Slet (10) bcfm (11) bills of exchange (6) branch accounting (3) Budgetary Control (3) Budgetary Control Notes (2) business communication (28) Business Environment Notes (12) business regulatory framewrok (49) Business Statistics Notes (25) cash flow statement (5) cbse 12 (39) cbse notes (53) commerce (13) company law (23) corporate accounting (33) corporate laws (14) cost accounting (63) cost and management accounting (34) cpt (36) cpt 200 (7) cpt notes (30) dibrugarh university (1129) dibrugarh university notes (601) dibrugarh university question paper (471) dibrugarh university solved papers (225) dibrugarh university syllabus (47) direct tax law (49) eco - 01 (4) ECO - 02 (2) ECO - 03 (2) ECO - 05 (6) ECO - 06 (1) ECO - 07 (1) eco - 08 (4) eco - 09 (1) ECO - 10 (2) ECO - 11 (3) ECO - 12 (7) ECO - 13 (2) ECO - 14 (4) entrepreneurship (14) fianancial accounting (3) financial accounting (48) Financial Accounting Notes (16) financial management (18) Financial statements analysis (14) funds flow statement (3) guwahati university (289) guwahati university syllabus (52) Hire Purchase (5) Human Resource Management (11) icwai (38) icwai notes (39) ignou solved assignments (83) ignou solved question papers (121) income from house property (5) income from salary (4) Income Under the head Salaries (11) information technology (10) Installment Purchase (4) issue of shares (4) kkhsou (13) (62) Management Accounting Notes (31) MCQ (11) paper I (1) paper II (9) paper III (1) principle of business mangement (16) Principles of Marketing Notes (16) royalty accounts (3) sale of goods act (8) semester I (151) Semester II (154) semester III (81) semester IV (149) semester V (122) semester VI (91) slet (13) Slet Ne (10) Small Business Management (7) solved assignments (22) UGC - NET: Commerce (08) (14) UGC - NET: Commerce (08) Paper II (3) UGC - NET: Commerce (08) Paper III (14) ugcnet solved question papers (23) Variance Analysis Notes (1)