Andhra University 2008 M.Com Commerce Business Economics - Question Paper

M.Com I Semester –
CP 104 Business Economics
Time: three Hours
Max. Marks: 75
part – A (5 x four = 20 Marks)
ans any 5 not exceeding 1 page every.
I. a. Micro Economics Vs. Macro Economics
b. Baumol’s Sales Revenue Maximisation Model
c. legal regulations of Demand
d. legal regulations of Variable Proportions
e. Cobb-Douglas Production Function
f. Kinked Demand Curve
g. Inflation
h.Marginal costing
part – B (5 x 10 = 50 Marks)
II. a.Explain nature and significance of Business Economics
Or
b. discuss different methods of Demand Forecasting.
III. a. What is Production Function ? In what way Production Function is useful
for
business decisions
Or
b. elaborate different Pricing Methods ? discuss 4 methods in brief.
IV. a. How price is determined under Monopoly ?
Or
b. How Price is determined under Oligopoly ?
V. a. discuss different Profit theories ? What is a criteria for standard profit ?
Or
b. Distinguish ranging from Economic Profit and Accounting Profit.
VI.a. What is National Income ? How it is measured ?
Or
b. What do you mean by Trade Cycles ? Write at lowest 4 theories of trade
cycles.

Earning:   Approval pending.