Madras University (UnOM) 2006 B.B.A IV - Business Economics - Question Paper

Time: 3 hours
Maximum: 100 marks

part A - [10 x three = Marks 30]

ans ALL sub-questions.
every ans should not exceed 50 words.

a. State the meaning of business economics.
b. Enlist the phases of Decision making.
c. What is a demand curve?
d. describe opportunity cost.
e. What is known as business cost?
f. describe Historical cost.
g. State the significance of specialization of labour.
h. What is a market economy?
i. Why social responsibility of business?
j. What is known as traditional values in business?

SECTION-B [5 x six = Marks 30]
ans any 5 ques..
All ques. carry equal marks.
every ans should not exceed 300 words.

2. elaborate the exceptions to the legal regulations of demand?
3. State the components of cost of production.
4. discuss the theory of capital and investment.
5. Differentiate long run from short run costs.
6. discuss the modes of price determination.
7. What is the theory of profit?
8. explain the concept of full cost pricing.

SECTION-C [2 x 20 = Marks 40]
ans BOTH the ques..
All ques. carry equal marks.
every ans should not exceed 1200 words.

9. a. discuss the operational issues of Business economics.
Or
b. discuss the objectives of business with suitable example.

10. a. How is pricing determined under pure monopoly? State the causes of monopoly.
Or
b. elaborate the implications of Industrial Policy, 1991?

Earning:   Approval pending.