Tamil Nadu Open University (TNOU) 2009-1st Year B.Com Accounting and Finance .>>Commerce/ BUSINESS ECONOMICS>>E .>> - Question Paper

B.Com. DEGREE exam
JUNE 2009.
First Year
Commerce/Accounting and Finance
BUSINESS ECONOMICS
Time : three hours Maximum marks : 75
ans for five marks ques. should not exceed two pages.
ans for 15 marks ques. should not exceed five pages.

PART A — (3 ´ five = 15 marks)
ans any 3 ques..
1. discuss the scope and limitations of Business Economics.
2. What is a ‘Demand schedule’?
3. What is production function?
4. Illustrate how monopoly firm fixes the price for its commodity.
5. What factors determine national income?

PART B — (4 ´ 15 = 60 marks)
ans any 4 ques..
6. discuss the contribution of Marshall.
7. discuss the legal regulations of diminishing marginal utility.
8. describe and discuss the concept of elasticity of demand.
9. Differentiate ranging from cost control and cost reduction.
10. How would you determine the price under perfect competition?
11. discuss the role of public enterprises in economic development.
12. discuss the various methods of computing National Income.

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Earning:   Approval pending.