Download OU B.Com 2018 June 1st Year 1st Semester 3522E Financial Accounting Business Economics Business Org Question Paper

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FACULTY OF COMMERCE

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B.Com. (CBCS) | - Semester Examination, May / June 2018
(Common Paper for General/Computers/Computer Applications/ Foreign Trade
and Tax Procedure Courses)
Business Economics
Paper Code-BC-105

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Time : 3 hours Max. Marks
Part — A (5 X 4 = 20 Marks)
Note : Answer any Five of the following questions
Non Economic Activity
Price Theory

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Cross Demand
Supply Function
Cobb-Douglass Production Function
Marginal Cost
Break Even Point (BEP)

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Derived Demand
Part— B (5 X 12 = 60 Marks)
Note : Answer the following questions not exceeding FOUR pages each.
9 a) What is meant by Business Economics? Explain the Nature and Scope of
Business Economics.

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OR
b) Briefly explain the Law of Substitution / Equi-marginal utility .
10 a) What do you mean by demand ? Why does demand curve slopes
downwards? Briefly explain it.
OR

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b) Determine Elasticity of Demand. Explain the methods of its measurement.
11 a) What is meant by indifference Curve? What are its properties?
OR
b) Explain the Consumer Surplus theory.
12 a) Briefly explain the Law of variable proportions and its significance.

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OR
b) Explain the producer equilibrium through ISO QUANTS and ISO COST Line.
13 a) Briefly explain the Long Run Average Cost Curve and its characteristics.
OR
b) What is meant by Cost? Explain different types of cost.

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