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  • Business Economics Units Explained in Detail

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    Abdul Malik
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    The document outlines the units and topics covered in a Business Economics course. Unit 1 covers the law of diminishing marginal utility, the role of business economics in decision making, and the nature and scope of business economics. Unit 2 covers price elasticity of demand, its types and role in price fixation. Unit 3 covers the law of supply, consumer equilibrium, indifference curves, and consumer surplus. Unit 4 covers the laws of returns to scale and variable proportions, and isoquants and isocosts. Unit 5 covers break even point analysis, its uses and limitations, and the long run average cost curve. The document was authored by Khaja Yousuf Uddin.

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    23BUSINESS ECONOMICS (1)

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    The document outlines the units and topics covered in a Business Economics course. Unit 1 covers the law of diminishing marginal utility, the role of business economics in decision making, and the nature and scope of business economics. Unit 2 covers price elasticity of demand, its types and role in price fixation. Unit 3 covers the law of supply, consumer equilibrium, indifference curves, and consumer surplus. Unit 4 covers the laws of returns to scale and variable proportions, and isoquants and isocosts. Unit 5 covers break even point analysis, its uses and limitations, and the long run average cost curve. The document was authored by Khaja Yousuf Uddin.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    5 views1 page

    Business Economics Units Explained in Detail

    Uploaded by

    Abdul Malik
    The document outlines the units and topics covered in a Business Economics course. Unit 1 covers the law of diminishing marginal utility, the role of business economics in decision making, and the nature and scope of business economics. Unit 2 covers price elasticity of demand, its types and role in price fixation. Unit 3 covers the law of supply, consumer equilibrium, indifference curves, and consumer surplus. Unit 4 covers the laws of returns to scale and variable proportions, and isoquants and isocosts. Unit 5 covers break even point analysis, its uses and limitations, and the long run average cost curve. The document was authored by Khaja Yousuf Uddin.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    BRIGHT INSTITUTE

    BUSINESS ECONOMICS
    UNIT 1

    1. Explain in detail about law of diminishing marginal utility.


    2. Explain the role of business economics in managerial decision making.
    3. Explain the nature and scope of business economics.

    UNIT 2

    1. What is meant by price elasticity of demand? Explain its kinds with curves.
    2. Explain price elasticity of demand and its role in fixation of price.
    3. Explain law of demand and its exceptions.

    UNIT 3

    1. Explain the law of supply and consumer equilibrium.


    2. What is meant by indifference curve? What are its properties?
    3. What is consumer surplus? How did Marshall measure it?

    UNIT 4

    1. Explain in detail about law of returns to scale.


    2. Explain the law of variable proportions.
    3. Explain the isoquant and isocosts with suitable diagram.
    4. Explain internal and external economics.

    UNIT 5

    1. What is break even point analysis? What are its uses and limitations?
    2. Explain the meaning, assumptions and uses of break even analysis.
    3. Briefly explain the long run average cost curve and its characteristics.

    KHAJA YOUSUF UDDIN


    (M.B.A, B.Ed.)

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