13, (a) (b) (@) ) Explain the significance of long run and short run average cost curve. AYSOS SoGaio Speywd¥ sew *syosdao Bos, |qPHyHa DSbo;HSv. Or Explain average revenue, marginalrevenue and total revenue with examples. Dien oad, aro6 wd s8do. anvo acon) Kr8) MUPPSerr DS60HAa»v. Explain the characteristics of fixed cost and variable cost in long run. Aysood 25 Spo Sco B6 Spairo o&erois KrG DS60HS00. Or What is break even analysis? Write its uses and limitations. BSo MOGs Bier SHAD? GO Woirawrer SrBoton Sbart0s9 KB) rots. 4 (1203-1) (BCO1S-3) (1203-1) B.Com. (General) DEGREE EXAMINATION, OCTOBER/NOVEMBER 2018. First Year ~ First Semester Part II - Commerce Paper I — BUSINESS ECONOMICS - I Time : Three hours Maximum : 75 marks SECTION A — (5 x 5 = 25 marks) Answer any FIVE questions. 1. Nature of economics. eSwgo Bn¥, Sggrso. 2. Demand function. BSr0t Seo. 3. Giffen’s paradox. RDS PSEBpo. 4, Write about marginal cost. 4-08 Ser KB) Erawsw.Write about variable cost. 10. 358 Spovorgy APG) Sagoo. Scope of business economics. TPS eorg 58. Determinants of demand. BSroth aYaosren. Consumer surplus. DIATATWA Deo. SECTION B — (5 x 10 = 50 marks) Answer ALL the question. (a) Explain the analysis. uses of macro-economic Sry Org Maier aSArra) DS6oa5n. Or (b) Define macro economics and economics. List out their differences. B8Q S60 azo egmagons DGgd09, aed Bogs Bqroso DHY,So5n0. micro 2 (1203-1) lik (a) &) (@) ) Enumerate the importance of the law of diminishing marginal utility. AcSta08 Sara DBASBODS0. Sr — Brarsybio Or Explain law of demand and enumerate its exceptions. Bsroh ATED, 3 DWAFonosHos Says. ad605r, Define elasticity of demand and explain their types. Garo 3S Saw Dtg209, Sox Bays. Or Explain about price elasticity of demand with suitable examples. G5 ay BBs SSr0t% M60 Buon AErPHOS' DSB0S08. 3 (1203-1)