Reg. No.

NOVEMBER 2021 U/4802/19-21/63102

BUSINESS ECONOMICS

Time : Three hours Maximum : 100 marks

SECTION A — (10 × 2 = 20 marks)

Answer ALL the questions.

1. Define Wealth definition of economics.

2. Opportunity cost–Explain.

3. What is demand?

4. Show supply schedule.

5. What do you mean by indifference curve?

6. What is average cost?

7. What is price discrimination?

8. What is Monopoly?

9. What is net national product?

10. Explain inequality income.

 SECTION B — (5  7 = 35 marks)

Answer ALL the questions internal choice.

11. (a) Identify and explain the difference between

accounting profit and economic profit.

Or

(b) Construct and explain production possibility

frontiers.

12. (a) Identify and explain the various factors

determining elasticity of demand.

Or

(b) Identify and explain the determinants of

supply.

13. (a) Analyse the importance of law of equi

marginal utility.

Or

(b) List down and explain the assumptions of

break – even analysis.

14. (a) Explain the objectives of pricing.

Or

(b) Explain the features of oligopoly.

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15. (a) Explain the circular flow of income.

Or
(b) Explain the income method in calculating
national income.

SECTION C — (3  15 = 45 marks)

Answer ALL the questions.

(Q. No. 16 is compulsory)

16. Discuss the relationship of business economics

with other disciplines.

17. (a) List out and explain all the methods of

demand forecasting.

Or
(b) Analyse the law of diminishing marginal
utility.

18. (a) Price demand under discriminating

monopoly –Explain.

Or
(b) Explain in detail the concept of national
income.

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