Download OU BBA 2019 Dec 1st Sem 12703 Business Economics Question Paper

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Code No. 12703

FACULTY OF MANAGEMENT

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BBA I - Semester (CBCS) Examination, November / December 2019

Subject: Business Economics

Paper - 1.4

Time: 3 Hours Max. Marks: 80

Note: Answer all the questions.

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PART - A (5x4 = 20 Marks)

[Short Answer Type]

1 Answer any five of the following in about 20 lines each.

1. Discounting Principle
2. Elasticity of Demand

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3. Ridgeline
4. Historical cost
5. Monopolistic
6. Equi-marginal Principle
7. Giffen goods

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8. Out of Pocket Cost

PART - B (5x12 = 60 Marks)

[Essay Answer Type]

Note: Answer all the questions using the internal choice.

2 a) How business economics helps managers in the decision making?

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OR

b) Compare and contrast between time perspective and discounting method.

3 a) What is meant by demand? Explain the important determinants of demand.

OR

b) Describe the methods of demand forecasting for established products.

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4 a) Explain the following concepts:

1. Production function
2. Least-cost input combination.

OR

b) Explain the process of determining graphically the least cost input combination in case of two inputs and single output production system.

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5 a) Explain the following with suitable examples:

1. Diseconomics
2. Internal Economics
3. External economics.

OR

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b) Discuss any 2 phases of cost concept of your choice.

6 a) Explain the features of Oligopoly. How price and output decisions are taken under Oligopoly?

OR

b) Explain the following with suitable examples:

1. Kinked demand curve

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2. Monopoly.