Business Economics – BBS (TU) Question Paper 2014 | First Year

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Business EconomicsTribhuvan University
B.B.S. (4 Years) / First (I) Year / MGMT
Business Economics (MGT 203)
Year: 2071 (2014)

Full Marks: 100 | Time: 3 Hrs
Candidates are required to give their answer in their own words as far as practicable. The figures in the margin indicate full marks.

Group “A” – Brief Answer Questions: [10 X 2 = 20]
Attempt ALL questions.

1. Define Micro Economics.
2. What do you mean by cross elasticity of demand?
3. The following schedule shows the amount of Sandwich bought household of Nepal at different prices.

PeriodPrice of Sandwich (Rs.)Demand of Sandwich
20695080
207075100

Does the behavior of the household contradict the law of demand? Give reason for your answer.

4. Why does a rational consumer choose higher indifference curve?
5. Derive price when ep = 0.5 and MR = 20.
6. State the behavior of TP, AP and MP in 2nd stage of production under Law of Variable Proportion.
7. Fill up the following isoquant schedule:

CombinationLabourCapitalMRT L,R
A114
B2104
C373
D452
E541

8. The firm under perfect competition in long run always earns abnormal profit. Do you agree with this statement?
9. Point out the determinants of supply.
10. List the five changes as described by J.B Clark in his dynamic theory of profit.

Group “B” – Descriptive Answer Questions: [5 X 10 = 50]
Attempt FIVE questions.

11. Define microeconomics. Explain the uses of microeconomics.
12. Why the Hicksian utility analysis is superior to the Marshallian utility analysis?
13. Define average cost and marginal cost and show the relationship between them.
14. Consider the following table.

Price (Rs.)QuantityTotal CostMarginal CostTotal RevenueMarginal RevenueProfit
11010000-1
1011221010-2
921751881
832142463
742642842
65337306-3
564310300-13
47602728-2-32
388020246-56

(a) Complete the above table.
(b) Derive the TR curve and TC curve according to table.
(c) Derive profit and identify the maximum profit.

15. Explain the law of variable proportion.
16. Suppose individual demand schedule for Suraj, Sunny and Sushila are given as:

PriceSuraj’s demandSunny’s demandSushila’s demand
101608040
20804020
30402010
4020100
50000

Find:
a. Market demand schedule.
b. Market demand curve.
c. Elasticity of demand when price falls from Rs. 30 to 20.
d. Elasticity of demand when price rises from Rs. 20 to 30.

Group “C” – Analytical Answer Questions: [2 X 15 = 30]
Attempt any TWO questions.

17. Sefine revenue. Explain the revenue curves in different markets. [3 + 12]
18. Define price discrimination. Explain the price and output determination with the help of third degree price discrimination. [3 X 12]
19. Critically examine the liquidity preference theory of interest. [15]

Posted By : MeroSpark | Comment RSS | Category : Bachelor Level, Tribhuvan University
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3 Comments

  1. ijaj shekh
    Posted May 28, 2016 at 3:45 pm

    Verry easy questions.

  2. peshal
    Posted August 18, 2016 at 10:16 pm

    can u plz provide ma the last 4 years question papers collections of eco and stat plz, i need them very badly. My facebook ID is the same email, plz inbox me if possible

  3. vikash kumar
    Posted January 31, 2017 at 11:49 pm

    I need note from 1 chapter to last chapter for economic

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