University Of Pune Question Paper
B. B. M. (I.B.) ( Semester - I ) Examination - 2013
MICRO ECONOMICS ANALYSIS
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 80
Instructions :
(1) All questions are compulsory, respective options and marks
are indicated against the respective questions.
(2) Illustrate with suitable diagrams wherever required.
Q.1) State and explain the Basic Economic Problems that every Economic System has to solve.
OR
Q.1) Define Price Elasticity of Demand and explain different types of Price
Elasticity of Demand.
Q.2) Explain the different types of Costs. Why is the Average Cost Curve
‘U-shaped’ ?
OR
Q.2) State and explain the Law of Supply with the help of illustrations. Discuss
the factors determining supply.
Q.3) Explain Concept of Monopolistic Competition. How does a Monopolistic
Firm attain short term equilibrium ?
OR
Q.3) Define Monopoly. Explain price output determination of a Monopoly Firm
in the long period.
[4374]-103 1 P.T.O.
Seat
No.
Q.4) Explain the Modern Theory of Rent.
OR
Q.4) Discuss the three concepts of Revenue. Trace the relationship between AR
and MR Curves under Monopoly and Monopolistic Competition.
Q.5) Write short notes : (Any Four)
(a) Dynamic and Risk Bearing Theory of Profit
(b) Demand Forecasting - Meaning and Methods
(c) Internal and External Economies and Disecmomies
(d) Exceptions to the Law of Demand
(e) Collective Bargaining
B. B. M. (I.B.) ( Semester - I ) Examination - 2013
MICRO ECONOMICS ANALYSIS
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 80
Instructions :
(1) All questions are compulsory, respective options and marks
are indicated against the respective questions.
(2) Illustrate with suitable diagrams wherever required.
Q.1) State and explain the Basic Economic Problems that every Economic System has to solve.
OR
Q.1) Define Price Elasticity of Demand and explain different types of Price
Elasticity of Demand.
Q.2) Explain the different types of Costs. Why is the Average Cost Curve
‘U-shaped’ ?
OR
Q.2) State and explain the Law of Supply with the help of illustrations. Discuss
the factors determining supply.
Q.3) Explain Concept of Monopolistic Competition. How does a Monopolistic
Firm attain short term equilibrium ?
OR
Q.3) Define Monopoly. Explain price output determination of a Monopoly Firm
in the long period.
[4374]-103 1 P.T.O.
Seat
No.
Q.4) Explain the Modern Theory of Rent.
OR
Q.4) Discuss the three concepts of Revenue. Trace the relationship between AR
and MR Curves under Monopoly and Monopolistic Competition.
Q.5) Write short notes : (Any Four)
(a) Dynamic and Risk Bearing Theory of Profit
(b) Demand Forecasting - Meaning and Methods
(c) Internal and External Economies and Disecmomies
(d) Exceptions to the Law of Demand
(e) Collective Bargaining
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