Annamalai University 2008-1st Year B.B.A " 160BUSINESS ECONOMICS " (-IV) (PART-III) 6785 - Question Paper
Register Number: 6785
Name of the Candidate:
B.B.A. (APPLIED MANAGEMENT) DEGREE EXAMINATION, 2008
(FIRST YEAR)
(PART-III)
(PAPER-IV)
160. BUSINESS ECONOMICS
Dec) (Time: 3 Hours
Maximum: 100 Marks
PART-A (10x2=20)
1. Briefly explain any TEN of the following:
a) Average Revenue.
b) Consumers Surplus.
c) Cost curves.
d) Demand.
e) Equilibrium.
f) Macroeconomics.
g) Marginal utility of money
h) Monopoly.
i) Legal ET.
j) Pricing.
k) Oligopoly.
1) Consumer Goods.
PART-B (4x10=40)
Answer any FOUR questions All questions carry equal marks
2. Economics was a science of wealth: it is now a science of Welfare. Discuss.
3. What are indifference curves and budget line? How do you help in achieving consumer equilibrium?
4. Explain the concepts fixed inputs and variable inputs.
5. Money is what money does-Discuss.
6. What is the rationale for government involvement in the Market Economy?
7. Distinguish between: Fixed and Variable Cost.
PART-C (2x20=40)
Answer any TWO questions All questions carry equal marks
What is constrained optimisation? How do constraints impose restrictions on the operations of a firm?
9. Explain the uses and limitations of point elasticity and are elasticity of demand methods.
10. What are the reasons for inefficient functioning of the free market mechanism?
11. Define Micro-Economics and discuss its importance and limitation.
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