UG308 BCO13/BAF13

B.Com. DEGREE EXAMINATION JUNE 2012.

First Year Accounting and Finance
BUSINESS ECONOMICS Time : 3 hours Maximum marks : 75

PART A (3 5 = 15 marks) Answer any THREE questions. 1. State the nature of economics.

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2. What are the factors determining elasticity of demand?

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3. Explain the break-even analysis. C |mh { USP.

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Write the features of perfect competition.

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5. State the relationship between Government and business.

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PART B (4 15 = 60 marks) Answer any FOUR questions. 6. Explain the law of diminishing marginal utility.

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7. Describe the characteristics and classification of human wants.

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8. Describe the law of demand.

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9. Explain the indifference curve analysis.

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10.

How would you determine price under perfect competition?

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11. Explain the role of public enterprises in economic development.

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12. Describe the methods of determining national income.

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UG308