Business Economics -I (B.Com) 1st Sem Previous Year Solved Question Paper 2022

Excel in B.Com 1st Sem with our Solved Business Economics-I Previous Year Paper. Master economic principles for success.

1. Distinguish between marginal utility and total utility

2. Explain law of Equi marginal utility.

3. Define cross elasticity of demand.

4. Explain the conditions of firm’s equilibrium under perfect competition.

5. Distinguish between short run and long run

6. Define the term monopoly.

7. Explain law of diminishing Marginal utility along with importance.

8. Define law of demand. Discuss it’s weakness.

9. Define Price Elasticity of demand. Explain various methods to measure it.

10. Explain ‘Price Effect’ with the help of Indifference Curve approach. Show with the help of suitable diagram, bifurcation of ‘Price Effect’ into ‘Income Effect’ and “Substitution Effect’.

11. Distinguish between internal and external economies and diseconomies of scale.

12. Explain the relationship between Total Revenue, Average Revenue, Marginal Revenue and Elasticity of demand.

13. Define discriminating Monopoly. Determine equilibrium under discriminating Monopoly.

14. How the firm will be in equilibrium under monopoly both in short and long run?