B.B.M-B.B.M PRINCIPLES OF ECONOMICS (Alagappa University - Directorate of Distance Education-2012)

DISTANCE EDUCATION
B.B.M. DEGREE EXAMINATION, MAY 2012.
PRINCIPLES OF ECONOMICS
Time : Three hours Maximum : 100 marks
PART A — (5 × 8 = 40 marks)
Answer any FIVE questions in about 200 words each.
All questions carry equal marks.
1. Explain the factors affecting the growth of population.
2. Discuss the limitations of consumers Sovereignity.
3. Explain the Law of Diminishing marginal utility of returns.
4. State the assumptions of Perfect Competition.
5. How will you determine Price under oligopoly?
6. Differentiate Rent and Quasi rent.
7. Explain briefly about the liquidly Preference Theory.
8. Explain the role of capital in Production.
PART B — (4 × 15 = 60 marks)
Answer any FOUR questions in about 400 words each.
All questions carry equal marks.
9. Explain how consumer attains equilibrium through indifference curves.
10. Explain how Price and output are determined under monopolistic competition.
11. Explain the division of Labour and its uses.
12. Explain kinked demand curve with diagram.
13. Analyse the relationship between wages and Productivity.
14. Explain the role of risk and uncertainily in determining normal profit.
15. Explain how the Price elasticity of demand measured.

Earning:  ₹ 6.25/-