B.B.A. (Semester (CBCS) Examination, 2017
BUSINESS ECONOMICS (MICRO)
Day Date: Wednesday, 19-04-2017 Max. Marks: 70
Time: 10.30 AM to 01.00 PM
N.B. All questions are compulsory.
Neat diagrams should be drawn wherever necessary
Figures to the right indicate full marks.
Q.1 Choose correct alternatives: 07
The oligopoly market is famous for demand curve.
Down ward-sloping Upward sloping
Kinked Horizontal
Product differentiation is the essential feature of
market.
Perfect competition Monopoly
Monopolistic competition Oligopoly
"Liquidity preference theory" of interest is presented by
Prof. Robinson Prof. Alfred Marshall
Prof. Boulding Prof. J. M. Keynes
The cost of forgone opportunity is known as
Opportunity cost Fixed cost
Variable cost Real cost
A rational consumer tries to achieve consumption.
Minimum Medium
Maximum Neutral
Profit can be
Negative Positive
Zero All of these
A demand for tea and coffee is the example of demand.
Complementary Composite
Competitive None of these
Q.1 State whether True or False: 07
Profit is contractual income.
Demand for salt is elastic.
Business economics is micro Economics.
Marginal utility diminishes at diminishing rate.
Page 1 of 2
SLR-SINA 4
In short period all costs are fixed.
An essential condition of equilibrium price is demand=supply.
Micro economics study a total unit.
Q.2 Write short notes (Any two) 14
State the types of price elasticity.
Explain the modern theory of rent.
Describe Internal Business decisions.
Q.3 Write short notes (Any two) 14
Characteristics of monopolistic competition.
Fixed cost and variable cost
Types of demand
Q.4 State and explain the law of supply. Write its exceptions. 14
OR
Define micro economics. Explain its merits and demerits.
Q.5 State and explain the law of diminishing marginal utility? Write its
assumptions.
14
OR
Critically examine "Liquidity preference theory of interest".