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Tamil Nadu Open University (TNOU) 2006 B.Com I Business Economics Ay 2004 - 2005 & CY 2005 Exan Code BCO 13 - Question Paper

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B.Com. DEGREE EXAMINATION -JANUARY, 2006.

(For AY 2004-05 and CY-2005 batch students)

First Year

BUSINESS ECONOMICS

Time : 3 hours    Maximum marks : 75

SECTION A (3 x 5 = 15 marks)

Answer any THREE questions in not exceeding

1 page each,

1.    Briefly explain Marshall's definition of Economics.

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2.    Explain the concept Consumer Surplus. giarrGeurrrr    e&leuif).

3.    State the uses of Break Even Analysis.

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4.    List out the features of Monopoly.

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5.    Discuss the need for Public Enterprises.

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SECTION B (4 x 15 = 60 marks)

Answer any FOUR questions in not exceeding 4 pages each.

6.    Discuss the nature and scope of Business Economics.

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7.    State the Law of Demand. What are the determinants of demand?

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8.    Elaborate the factors of production and their features.

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9.    Define price discrimination. When is it possible and profitable?

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10.    Discuss the methods of estimating National Income.    ( J

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11.    Enumerate the salient features of New Industrial Policy.

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12.    How prices are determined under oligopoly?

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3    2421







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