DISTRICT RESOURCE CENTRE

MAHBUBNAGAR
PRE-FINAL EXAMINATIONS - JAN / FEB -2011
B.Com, I-Year (General & Computers)
Business Economics Paper – I
Time: 3 hrs Max. Marks 70

PART – A
I. Answer any five questions. In not exceeding 20 lines each. 5 x 4 = 20
1. Micro Economics and Macro-Economics
2. Consumer Surplus.
3. Demand Curve
4. Methods of Demand Forecasting.
5. Production function.
6. Globalization.
7. Monopoly
8. Kinked Demand Curve.
PART – B
II. Answer the following questions in not exceeding 3 pages each. 5 x 10 = 50
9 (a) Define Business Economics. State its Nature, Scope and significance.
Or
(b) State and explain the Law of diminishing Marginal utility. What are its
assumptions and criticisms.
10. (a) Define demand? What are its determinants? Why does a demand curve slope
downwards to the right?
Or
(b) Explain the concept of Price Elasticity of demand?
11. (a) ‘A Monopolist is a price maker and not a price taker’. Explain the equilibrium
position of a Monopoly firm.

Or
(b) Explain the price determination under perfect competition.
12. (a) Explain the various types of Monopoly. Explain also the advantages and
disadvantages of Monopoly?

Or
(b) Discuss the Modern Theory of wages.
13. (a) What do you understand by business cycle? Explain the various phases of a
business cycle?
Or
(b) Describe the role of WTO in promoting international trade?
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 DISTRICT RESOURCE CENTRE
MAHBUBNAGAR
PRE-FINAL EXAMINATIONS - JAN / FEB -2011
B.Com, I-Year (General & Computers)
Business Economics Paper – I
Time: 3 hrs Max. Marks 70

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