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Total No. of Questions—5

5] [Total No. of Printed Pages—2
2

Seat
No . [5362]-104

B.B.A. (Semester-I) EXAMINATION, 2018

BUSINESS ECONOMICS (Micro)
(2013 PATTERN)
Time : Three Hours Maximum Marks : 80
N.B. :— (i ) All questions are compulsory.
(ii ) Figures to the right indicate full marks.

(iii ) Draw neat and well labeted diagrams wherever necessary.

1. What is the Circular Flow of Income and Expenditure ? [15]

Or
What is supply ? Explain the determinants of supply. [15]

2. Explain the relation between Total Fixed Cost, Total Variable Cost
and Total Cost in the Short Run. [15]

Or
Explain the equilibrium of a monopoly firm. [15]

3. What is elasticity of demand ? Explain Income and Cross Elasticity

of Demand. [15]

Or

State and explain marginal productivity theory of distribution.[15]

P.T.O.

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4. Explain the features of perfectly competitive market. How is price

of a commodity determined under it ? [15]

Or

Explain the concepts of Average revenue, Marginal revenue and Total

revenue. Show how they are related to each other. [15]

5. Write short notes on (any four) : [20]

(a) Basic economic problems

(b) Giffen’s paradox

(c ) Meaning and characteristics of oligopoly

(d) Innovation theory of Profit

(e) Relation between AC and MC

(f ) Product differentiation under monopolistic competition.

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