Sem: Degree 5th Sem
State: Telangana
UNIT I – BUSINESS ECONOMICS INTRODUCTIONS
LONG QUESTIONS:
1: What is Business Economics What are its chief characteristics, and explain its nature and scope?
2: Bring about the differences between Micro and Macro Economics in tabular form.
3: State and explain the Law of DMU with the help of a table and diagram? Along with Exceptions.
4: State and explain the Law of EMU with the help of a table and diagram?
SHORT QUESTIONS:
1: Meaning and Scope of Business Economics
2: Micro Economics
3: Macro Economics
4: Total Utility and Marginal Utility (2020)
5: Opportunity Cost and Equi-Marginal Principle
UNIT II – DEMAND ANALYSIS
LONG QUESTIONS:
1: What is Elasticity of Demand? Explain Price and Income Elasticity of Demand.(2018)
2: What are the various methods of calculating the Elasticity of Demand? Explain.
3: What is the importance of price elasticity of demand in business decision-making?(2019)
4: What do you mean by Elasticity of demand. Illustrate the three types of Elasticity of Demand.
5: What do you mean by Law of Demand and explain why does Demand Curve Slopes Downwards?
6: what are the five types of Price Elasticity of Demand?
7: Explain the concept of consumer surplus?
SHORT QUESTIONS:
1; Total Outlay Method
2: Unitary Elasticity of Demand
3: Income Elasticity of Demand.
4: Determinants of Demand.
5: Elasticity of Demand
6: Price Elasticity of Demand
7: Cross Elasticity of Demand
9: Types of Demand
10: Giffen’s Paradox
11: Determinants of Demand
UNIT III – SUPPLY ANALYSIS
LONG QUESTIONS:
1: Explain the Law of Supply with Determinants of the Law of Supply?
2: Illustrate Market Equilibrium Conditions with the help of a table and diagram.
3: Illustrate the condition of Consumer Surplus
4: What are Indifference Curves and the properties of Indifference Curves.
SHORT QUESTIONS:
1: Factors influencing Supply.
2: Concept and types of Utility.
3; Indifference map and Indifference curves
4: Budget line.
UNIT IV – PRODUCTION ANALYSIS
LONG QUESTIONS:
1: Illustrate Law of Variable proportions with the lhelp of table and Diagram.
2: What are the 3 stages in long Run Production analyse with the help of Law of Returns of Scale.
3: What are the various Internal economies of scale write in detail.
4: Write about External Economies of scale.
5: Discuss various Cost concepts in detail.
SHORT QUESTIONS:
1: Factors of Production
2: Production Function (Long Run and Short Run)
3: Dis Economies of Scale
4: Iso-Quants.
5: Marginal Product (MP) and Average product(AP)
UNIT V – COST AND REVENUE ANALYSIS
LONG QUESTIONS:
1: Draw and Illustrate various short-run cost curves (SAC’s)
2: What are the characteristics of Long Run Average Cost Curve (LAC) write in detail.
3: Discuss the relationship between marginal revenue(MR) and average revenue(AR).
4: Traditional and Modern Approaches of Revenue.
5: Break-even Analysis in volume and cost
SHORT QUESTIONS:
1; Uses of Break-Even analysis
2: Concept of cost
3: Marginal cost and average cost (MC$AC)
4: Marginal revenue and Average revenue (MR&AR)