GUG/W/18/10594 1 P.T.O
Bachelor of Business Administration I (CBCS Pattern) Second Semester
UCB2C06 Business Economics-II
P. Pages 1 GUG/W/18/10594
Time Three Hours Max. Marks 80

Notes 1. All questions are compulsory.
2. All questions carry equal marks.
1.

Define perfect competition. Explain short period equilibrium.
8

Define monopoly. State its economic effects.
8
OR

Write the concept of monopolistic competition. Explain the price output determination under monopolistic competition.
16
2.

Explain the difference between Accounting Cost Economic Cost.
8

Explain the terms Fixed Cost Variable Cost.
8
OR

State the internal Economics of production.
16
3.

Critically examine the marginal productivity theory of Distribution.
8

Explain liquidity preference Theory of Interest.
8
OR

Write in detail Risk uncertainty Theory of profit.
16
4.

Write the concept of welfare its determinants.
8

Explain the concept of welfare state Role Government.
8
OR

State the views of prof. A. C. Pigou and Dr. Amartya Sen on welfare.
16
5.
Write in short
Classification of market.
4
Fixed cost Variable cost.
4
Quasi Rent.
4
Views of Dr. H. Daiton on welfare.
4

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