BUISINESS ECONOMICS

2 MARKS
1. Write a short note on wealth.
2. What is business economics?
3. Define law of demand.
4. What do you mean by supply?
5. How do you measure utility?
6. Explain indifference schedule.
7. What is marginal utility?
8. What are the factors of production?
9. State the meaning of fixed cost.
10. What is perfect competition?
11. Give the meaning of price.
12. Define indifference curve.
13. Write a short note on Wealth.
14. Write a short note on Wealth.
15. Define law of demand.
16. What do you mean by supply?
17. Explain the term marginal utility.
18. What do you mean by Break Even Analysis?
19. Explain margin of safety.
20. Explain total cost.
21. What is marginal cost?
22. Explain the term cost of production.
23. Give the meaning of Monopoly.
24. Define the term wealth.
25. Give the meaning of Marginal cost.
26. What do you mean by demand?
27. State the definition of derived demand.
28. Mention any two properties of indifference curve.
29. What is consumer behaviour?
30. Write the definition of production.
31. What is meant by opportunity cost?
32. Define selling cost.
33. What is Oligopoly?
34. State the meaning of pricing.
35. What is safety margin?
36. What is Business Economics
37. Give the meaning of scarcity?
38. Define price elasticity of demand.
39. Mention any two properties of indifference curve.
40. State the law of equi marginal utility.
41. Write the meaning of book cost.
42. What are isoquant curves?
43. Give the meaning of pure competition.
44. State the conditions for equilibrium of firm.
 45. What is price leadership?
46. Define marginal cost.
47. Give the meaning of utilitiy.
48. Define welfare.
49. Give the meaning of normative economics.
50. State the definition of supply.
51. What is demand function?
52. Give the meaning of consumer behaviour.
53. Write the definition of indifference curve.
54. What is meant by production?
55. Mention any two features of fixed cost.
56. What are constant returns?
57. State the meaning of safety margin.
58. What is product pricing?
59. Define discriminating monopoly.

7 MARKS
1. Examine of the concept of efficiency.
2. What are the factors influencing demand for a commodity?
3. List out the factors influencing supply.
4. Bring out the importance of Indifference Curve analysis.
5. What are the uses of production function?
6. Distinguish between fixed cost and variable cost.
7. What are the objectives of pricing policy?
8. Explain the incremental concept in detail.
9. What are the features of demand?
10. Write a note on Elasticity of Substitution.
11. What are the external economies?
12. Discuss short run cost and long run cost.
13. What are the objectives of pricing policy
14. State the features of perfect competition.
15. Draw and explain production possibility Frontier curve.
16. Explain the criteria of good demand forecasting.
17. What are the properties of indifference curve
18. State and explain the law of equi marginal utility.
19. How does the producer attain equilibrium under Iso quant analysis
20. What are the distinguishing characteristics of perfect competition
21. Point out the objectives of pricing policy.
22. Is Economics Positive or normative?
23. Distinguish between economic profit and accounting profit.
24. State the types of demand.
25. Why is consumer behaviour significant?
26. Explain briefly the law of variable proportions.
27. Is price discrimination justifiable?
28. What are the characteristics of monopolistic competition?
29. What are the fundamental concepts of business economics?
30. State the objectives of demand forecasting.
31. Why does indifference curve slope downwards? State the properties of indifference curve.
 32. Explain the applications of raw of equi marginal utility.
33. Write a note on producers equilibrium.
34. Enumerate the relevant cost concepts in business economics.
35. Define oligopoly. State its features.

15 MARKS
1. Write a note on skimming price policy.
2. Explain the subject matter of business economics.
3. What are the various types of demand? Explain
4. Explain consumer equilibrium with several commodities.
5. Bring out the various uses of Break even analysis.
6. Explain the subject matter of business economics.
7. Discuss various types of demand.
8. Explain consumer equilibrium with several commodities.
9. Describe the relationship between Average Cost, Marginal Cost and laws of returns.
10. Explain how price is determined under perfect competition.
11. Discuss the importance of Business Economics.
12. Enumerate the various determinants of demand for a commodity.
13. Critically examine the law of diminishing marginal utility.
14. State and explain the applications of Break even analysis.
15. How are price and output determined under monopoly?
16. Discuss the importance of Business Economics.
17. State and explain the concept of supply and equilibrium.
18. Show diagrammatically break even chart. State assumptions of break even analysis.
19. Explain consumer’s equilibrium under Indifference curve analysis.
20. How are price and output determined under perfect competition?
21. Explain the various views on economics.
22. State and explain the law of demand. Point out its assumptions and limitations.
23. Critically examine the law of diminishing marginal utility. State its applications.
24. What are internal and external economies of scale? Explain.
25. Show diagrammatically price and output determination under monopolistic competition.