BBA-03
December Examination 2016
BBA Pt. I Examination
Business Economics
Paper BBA-03
Time 3 Hours Max. Marks 80
Note: The question paper is divided into three sections B and C. Write answers as per given instructions.
Section A 8 × 2 16
(Very Short Answer Questions)
Note: Answer all questions. As per the nature of the question you delimit your answer in one sentence upto 30 words. Each question carries 2 marks.
Define Business Economics.
What is Marginal Utility?
Give formula of consumers surplus.
What is production function.
Define average cost.
What is monopoly?
What is NNP?
(viii) Define money wages.
218
BBA-03 100 2 (P.T.O.)
BBA-03 100 2
218
Section B 4 × 8 32
(Short Answer Questions)
Note: Answer any four questions. Each answer should not
exceed 200 words. Each question carries 8 marks.
Explain nature of Business Economics.
What is meaning of consumers equilibrium?
Describe the factors affecting supply function.
Write causes of operation of law of variable proportions.
Define market. Explain the difference between perfect and
imperfect market.
Give characteristics of oligopoly.
Define wages. How the rates of wages are determined.
What is innovation theory of profit.
Section C 2 × 16 32
(Long Answer Questions)
Note: Answer any two questions. Each answer should not
exceed 500 words. Each question carries 16 marks.
10) Explain Law of Demand. Explain its exceptions also.
11) Distinguish between prime cost and supplementary cost and
examine the bearing of this distinction of the theory of value.
12) Explain the equilibrium of firm under perfect competition.
13) Discuss the modern theory of rent.