Jai Narain Vyas University 2006 B.Com PART 1- BUSINESS ECONOMICS - Question Paper

B.com.(part I) exam of the 3 year Degree Course2006
BUSINESS ECONOMICS 2006
Time-Three Hours
Maximum marks-100
Note:- (1) Attempt 5 ques. in all,selecting either (A) or (B) from every unit
(2) All ques. carry equal marks.

UNIT 1
one (A) discuss the meaning of price elasticity of demand.Discuss the main methods adopted to measure the price elasticity of demand.
Or
(B) discuss any TWO
(a) Nature of Business Economics
(b) Exceptions to the legal regulations of demand
(c) Characterstics of indifference curves.
UNIT 2
two (A) What do you mean by Production function? discuss legal regulations of variable proportion.
Or
(B) discuss any TWO
(a) Optimum factor Combinaton
(b) Internal Economies
(c) Fill up missing figures in this Table:-
TABLE
UNIT TFC TVC TC AFC AVC AC MC
0 40 0 40 0 0 0 0
1 40 16 56 40 16 56 16
2 40 28 68 ? ? 34 12
3 40 36 ? 13.3 ? 25.3 8
4 40 48 88 10 12 ? ?
5 40 70 110 ? 14 22 22
6 40 96 ? 6.6 16 22.6 26
7 40 126 166 5.7 18 23.7 30

three (A) What is eant by Monopolistic Competition? discuss the price and output determination under monopo;istic competition.
OR
(B) discuss any TWO:-
(a) Comparison ranging from Monopoly and Perfect Competition.
(b) Characteristics of Oligopoly.
(c) Conditions for price discrimination.
UNIT 4
four (A) Critically examine the Marginal Productivity Theory of Factor pricing.
Or
(B) explain the Modern Theory of Rent
UNIT five
(A) Examine critically the Liquidity Preference Theory of Interest.
Or
(B discuss (any Two)
(a) Uncertainty Bearing Theory of Profit.
(b) Dynamic Theory of Profit
(c) issues of an Economy.

Earning:   Approval pending.