Bangalore University 2005 B.Com Business Economics - I - Question Paper

I Semester B.Com. Examination, November/December 2005
(Semester Scheme)
BUSINESS ECONOMICS - I

Time : three Hours Max. Marks : 90

Instruction : Answers should be written either in Kannada or in English.

part - A

ans ahy ten sub-questions from the subsequent. every sub-question carries two marks. (2x10=20)

1. a) What is business operation ?
b) What is business ecomomics ?
c) What is consumption ?
d) What is total utility ?
e) State the legal regulations of demand.
f) What is a budget line ?
g) What is meant by elasticity of supply ?
h) provide an imaginary indifference schedule.
i) Diagrammatically represent increase in supply and contraction of supply.
j) What is production function ?
k) What is Iso Cost Curves ?
l) What is real cost ?

part - B

ans any 5 ques.. every ques. carries five marks.
(5x5=25)

2. A manufacturer incurs a total fixed cost of Rs. 400 to produce six units of the product. The marginal cost is as follows :

Output one two three four five six
M.C. 220 100 70 85 145 250

obtain out total cost, variable cost, avg. cost, avg. variable cost and avg. fixed cost.

3. The subsequent is from the sales records of XYZ Company. Using lowest square method forecast the sales for the year 2006 and 2007:

Year 2001 2002 2003 2004 2006
Sales 35 40 30 60 50
(in lakhs)

4. With the help of the subsequent data, adopting total outlay method, obtain out the price elasticity of demand. Diagrammatically represent the demad curves.

Price volume demanded

Rs. 10 1000
Rs. nine 2000
Rs. eight 3000

Rs. nine 1000
Rs. 10 900
Rs. eight 1125

Rs. eight 1100
Rs. nine 1050
Rs. 10 1000

5. Write a note on consumers surplus.

6. elaborate the causes for increasing returns ?

7. elaborate the different degrees of elasticity of demand ?

8. elaborate the determinations of supply ?

9. What is the relationship ranging from marginal productivity and avg. productivity ?

part - C

ans any 3 ques. from the subsequent. every ques. carries 15 marks. (15x3=45)

10. explain the role of a business economist in a modern organisation.

11. State and discuss the legal regulations of equi marginal utility.

12. What is demand forecasting ? elaborate the different methods of demand forecasting ?

13. explain the behaviour of cost curves in the short period.

14. elaborate the properties of indifference curves ?

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Earning:   Approval pending.