ARYA SCHOOL OF MANAGEMENT & IT

BBA/BCA 3rd Sem - 2nd Internal Examination

Subject-: Economics
TIME -:1 hour

FULL MARK-: 30

(Answer any three questions from SET- A & SET-B is compulsory)

SET A
(3x5=15)

1. Define price elasticity of demand along with in cases? How it can be measured by point and Arc method?
2. Differences in between income and cross elasticity of demand?
3. Differentiate in between demand forecasting and demand estimation? Discuss the differences methods of
demand forecasting?
4. State and explain laws of returns to scales along with its. Causes of different stages?
5. Describe the envelope curve and its derivation? Why cost curves are U shaped?
SET- B
(1x15=15)
Define elasticity of demand? ( only symbolical representation )
What in the value of PED in perfectly elasticity of demand?
The slope of perfectly elasticity of demand is ____________?
The slope of perfectly In elasticity of demand is ____________?

1.
2.
3.
4.
5. Cost function is ______________?(Ratio)
6. Elasticity of supply =______________?(Ratio)
7. Cross elasticity of demand =__________?(Ratio)
8. Income elasticity of supply =___________?(Ratio)
9. Production function =y=f (___________) ?
10. AFC=_____________?
11. AYC =____________?
12. ATC=____________?
13. MC=__________?
14. Diagram of TFC?
15. Construct diagram of AFC?
ARYA SCHOOL OF MANAGEMENT & IT
BBA/BCA 3rd Sem - 2nd Internal Examination
Subject-: Economics
TIME -:1 hour

FULL MARK-: 30

(Answer any three questions from SET- A & SET-B is compulsory)

SET A
(3x5=15)

1. Define price elasticity of demand along with in cases? How it can be measured by point and Arc method?
2. Differences in between income and cross elasticity of demand?
3. Differentiate in between demand forecasting and demand estimation? Discuss the differences methods of
demand forecasting?
4. State and explain laws of returns to scales along with its. Causes of different stages?
5. Describe the envelope curve and its derivation? Why cost curves are U shaped?
SET- B
1.
2.
3.
4.

(1x15=15)
Define elasticity of demand? ( only symbolical representation )
What in the value of PED in perfectly elasticity of demand?
The slope of perfectly elasticity of demand is ____________?
The slope of perfectly In elasticity of demand is ____________?

5. Cost function is ______________?(Ratio)

6. Elasticity of supply =______________?(Ratio)
7. Cross elasticity of demand =__________?(Ratio)
8. Income elasticity of supply =___________?(Ratio)
9. Production function =y=f (___________) ?
10. AFC=_____________?
11. AYC =____________?
12. ATC=____________?

13. MC=__________?
14. Diagram of TFC?
15. Construct diagram of AFC?