Acharya Nagarjuna University (ANU) 2006 B.B.M - I - MICRO ECONOMICS - Question Paper

B.B.M.(Previous) DEGREE EXAMINATION, MAY 2006
Part II - Business Management
PAPER - I - MICRO ECONOMICS

Time: 3 hours Maximum: 100 marks

ans any 5 ques.
All ques. carry equal marks.

1. Critically examine the different definitions of Economics.

2. elaborate the main factors that influence the demand for a commodity?

3. define the methods of measuring Elasticity of Demand with suitable diagrams.

4. State the legal regulations of Diminishing Marginal Utility and its limitations.

5. discuss the principle of Equimarginal Return on product.

6. discuss the nature of long period avg. cost and marginal cost.

7. What is break-even-analysis? Bring out its importance.

8. discuss how price is determined under perfect competititon.

9. State the conditions of Equilibrium of firm and industry under Monopolistic Competion.

10. discuss the following:
(a) Micro Economics
(b) Price elasticity
(c) Isoquant curve.
(d) Oligopoly.

Earning:   Approval pending.