EEA - Important Questions for Mid 1 – ECE IV-II – March 2023

 Explain the law of Returns to scale.

 What is an Iso-quant? Explain its features.
 Define public limited company. Explain its advantages & disadvantages.
 Explain the nature and scope of business economics.
 Define Partnership. Explain its features.
 Distinguish public limited and private limited company.
 Identify and explain various methods or sources of capital.
 Distinguish micro & macro economics.
 Briefly elaborate demand function and law of demand.
 What is elasticity of Demand? Explain its types.
 Explain complementary and substitutes goods.
 Mention any four factors affecting the demand forecasting.
 What are the various factors of production.
 Elaborate Production Function with one variable input.
 Explain Cobb-Douglas production function
 What are the steps involved in Demand forecasting?
 Write a short note on production function.
 Define the term “inflation”. How money supply is related to inflation?
 Explain phases the phases of Business cycle..
 Explain the various factors affecting the demand.
 Define supply. Elaborate supply function.
 What is elasticity of Demand? Explain its measurements/degrees.
 Explain the significance of elasticity of demand.
 Explain the characteristics of good demand forecasting.