Exarn.

Code:0670
Sub. Codez 4768
Ll29
B.A.lB.Com. LL.B. (Hons.) First Semester
Paper - II: Business Econornics - I
Time allowed: 3 Hours Max. Marks: 80
NOTE: Anempt fiyg questions in all, including Question No. IX (Unit-V) which is compulsory
and selecting one question eachfrom Unit I-IV.
x-x-x

UNIT - I
I. State and explain low of Demand. Also derive law of demand on the basis of ordinal
utility analysis. (1 s)

II. What do you mean by demand forecasting? Explain its significance and various
methods of demand forecasting. (1 s)

UNIT - II
m. What is consumer's equilibrium? Explain it with the help of indifference curve
analysis. (15)

ry. Write down various assumptions of cardinal utility analysis and explain law of
diminishing marginal utility. (i5)

UNIT _ III
V. Explain the meaning of production function and examine laws of returns to scale. (15)

u. Discuss the traditional theory of short run and long run cost curves. (1 s)

UNIT _ IV
VIi. How the price and output is determined under the conditions of monopolistic
competition. (15)

VIII. What are the main features of monopoly market? How price and output is determined
under it? (1 5)

UNIT -V
iX. Attempt the following:-
a) Nature and scope of business economics
b) Properties of indifference curves
c) Break-even analysis
A
d) Ed=
A_M
e) Degree of price elasticity of demand (5xa)