Total No. of Questions : 4] [Total No.

of Printed Pages : 2
[3569]-103
F. Y. B. Com. Examination - 2009

BUSINESS ECONOMICS (MICRO)

(New 2008 Pattern)

Time : 3 Hours] [Max. Marks : 80

Instructions :
(1) All questions are compulsory.
(2) Figures to the right indicate full marks.
(3) Draw neat diagrams wherever necessary.

Q.1) Answer the following in 20 words each : (Any Ten) [20]

(1) What do you mean by Functional Relationship ?
(2) State two Economic Goals of a Firm.
(3) Give definition of Demand.
(4) What is Demand Forecasting ?
(5) Define Supply.
(6) What is Opportunity Cost ?
(7) What is Accounting Cost ?
(8) What is Marginal Revenue ?
(9) What is Monopoly ?
(10) Define Price Discrimination.
(11) Define Rent.
(12) What is Collective Bargaining ?
(13) What is Profit ?

[3569]-103 1 P.T.O.
Q.2) Answer the following in 50 words each : (Any Two) [10]

(1) Explain Non-economic Goals of a Firm.

(2) State Direct Methods of Demand Estimation.

(3) Explain the Law of Supply.

(4) State features of Oligopoly.

Q.3) Answer the following in 150 words each : (Any Two) [20]

(1) Explain meaning and scope of Business Economics.

(2) Explain various types of Price Elasticity of Demand.

(3) Explain the concept of Break-even Analysis.

(4) State and explain Ricardian Theory of Rent.

Q.4) Answer the following in 300 words each : (Any Two) [30]

(1) Explain in detail the Properties of Indifference Curve.

(2) State and explain the Law of Variable Proportions.

(3) Explain Short Run Equilibrium of a Firm under Perfect

Competition.

(4) Describe Liquidity Preference Theory of Interest.

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Total No. of Questions : 4] [Total No. of Printed Pages : 2

[3569]-103
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[3569]-103 3 P.T.O.
Ðí.2) ¶æHèH ÐíàÝ梙è 50 àæÏÎ梄 ©œæÚï çHãæ : (ÜUæï‡æ„ïãè ÎæïÝ) [10]

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