B.B.A. (Semester (CBCS) Examination Nov/Dec-2018
BUSINESS ECONOMICS (Micro)
Time: 2½ Hours Max. Marks: 70
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Draw diagram where necessary.
Q.1 Choose the alternatives given below. 14
The concept of elasticity of demand is related to
Dr. Marshall Adam Smith
Prof. J. B. Say Prof. J. M. Keynes
Business Economics is also a science.
Computer Agriculture
Prescriptive None of these
Perfectly inelastic demand curve is always parallel to
axis axis
Origin None of these
Micro macro economics these two terms were first presented by
Prof. Alfred Marshall Prof. Schumpeter
Prof. Knight Prof. Ranger Frisch
A perfectly elastic demand curve means elasticity is
Zero One
Infinite Negative
A demand for Pepsi and Coke is an example of demand
Competitive Complementary
Indirect Composite
Which of the following is non insurable risk?
Fire Accident
Natural calamities Competition
Prof. Alfred Marshall utility analysis is based on approach
Ordinal Cardinal
Both and None of these
Normally demand curve slopes towards left to right.
upward downward
forward backward
10) When we know that the firms are earning just normal profits.
AC AR MR MC
MC AC AR MR
11) A consumer is a person who buys goods services for
satisfaction of wants To sales
for further production process None of these
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SLR-CI-4
12) Law of demand does not apply for
Inferior goods Consumers goods
Durable goods None of these
13) Price elasticity of demand refers to the rate of responsiveness of quantity
demanded to a change in of the product.
Price Income
Cross Demand
14) A rational consumer tries to achieve consumption
Minimum Maximum
Medium Neutral
Q.2 Write short answers on. 14
Explain the features of business economics.
Explain the modern theory of rent.
Q.3 Write short answers on. 14
Features of monopolistic competition
Explain internal business decisions.
Q.4 State and explain the "liquidity preference theory of interest". Write its
criticisms?
14
OR
What are the features of oligopoly? Explain kinked demand curve?
Q.5 Describe the scope of micro economics? Explain its merits demerits. 14
OR
Define elasticity of demand? Explain the types of price elasticity of demand?