Wednesday, January 25, 2017

BUSINESS ECONOMICS MODAL QUESTIONS


BUSINESS ECONOMICS MODAL QUESTIONS


SET 1

PART A 
1. Define Production Function.
2. Differentiate between Fixed cost and Variable cost 
3. Define Oligopoly. 4. What is National income? 
5. What is break even point ? 
PART B

 1. Explain the law of variable proportions
 2. Define market and discuss its various types.
 3. Conmpare the monopoly market with monopolistic competition.
 4. Explain the Cobb Douglous production function 


SET 2

PART A 
1. Define Production Function. 
2. Differentiate between Fixed cost and Variable cost 
3. Define Oligopoly. 4. Discuss Perfect competition. 
5. Define Circular flow of Income with three sector model.

PART B

 6. Discuss Break Even analysis and its importance in detail.
 7. Define market and discuss its various types. 
8. Compare the monopoly market with monopolistic competition. 
9. Elucidate the law of variable proportions 




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