Bangalore University 2007 B.B.M, ./ - Question Paper

I Semester B.B.M. Examination, Nov./Dec. 2007
(New Semester Scheme)
BUSINESS MANAGEMENT
Paper - 1.3 : Business Economics
Time: three Hours Max. Marks - 90

Instructions : Answers should be written completely in English.

part - A

1. ans any ten of the subsequent. every ques. carries 2 marks : (2 X 10 = 20)

a) State any 2 objectives of 'Business Economics'.
b) What is an ISO - cost surve?
c) Distinguish ranging from 'GDP and 'GNP'.
d) State any 4 assumptions of LDMU.
e)State the per capita in come of the subsequent countries.
i) UK ii) USA iii) Singapore and iv) India.
f) Name any 4 determinants of Demand.
g)State any 4 features of perfect competition.
h)Expand the subsequent :
i) IC and ii) LMC iii) ED = 0 iv) ED = (infinity symbol)
i) State the nature of market structure for the following:
a) Domestic Airlines sector
b) Organised retailing
j) State the phases of a business cycle.
k) What is Consumer Equilibrium?
l) 'Selling Cost' is a feature of which market structure?

part - B

ans any 5 of the subsequent. every ques. carries 5 marks: (5 X five = 25)

2. explain the scope of business economics.
3. Analyse the properties of indifference curve.
4. discuss the essential conditions for price discrimination.
5. With the help of the subsequent data, adopting total outlay method, obtain out the price elasticity of demand
Price in Rs. volume demanded in units
a) 12 500
10 650
08 900
b) 12 500
10 600
08 750
c) 12 500
10 525
08 625
6) provide the meaning of the terms "Total revenue", "Average Revenue" and "Marginal Revenue".
7) ans the following:
i) TC - TVC = ?
ii) AFC + AVC = ?
iii) AC - AVC = ?
iv) FC + VC = ?
v) TFC/Q = ?
8) discuss the features of Oligopolitic Market.
9) Analyse the importance of the legal regulations of Equi - Marginal Utility.

part - C

ans any 3 of the subsequent. every ques. carries fifteen marks : (3 X 15 = 45)

10. discuss how price-output is determined under monopoly? Also state the essential conditions for price discrimination in monopoly.
11. explain the legal regulations of variable proportions and explaing its practical importance in production.
12. elaborate business cycles? State their features. Also define the different phases of a business cycle.
13. describe National Income. discuss the important concepts of National Income. Also state the usefulness of NI estimates.
14. Write short note on the following:
i) Money cost of production
ii) Real cost of production
iii) Explicit and implicit cost
iv) Product differentiation
v) Kinked demand curve




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Earning:   Approval pending.