SHRI SAKTHIKAILASSH WOMEN’S COLLEGE, SALEM-3DEPARTMENT OF COMMERCE (ACCOUNTING & FINANCE)

INTERNAL EXAM – 1 (2015 - 2016)BUSINESS ECONOMICS

Date: Time: 1hr 30min Max. Marks: 45

PART – A

Answer ALL (2 x 5 = 10)

1. Define Business Economics2. Define Demand3. Mention the Factors of Production.4. Define Elasticity of Demand5. What is meant by Law of Diminishing Returns

SHRI SAKTHIKAILASSH WOMEN’S COLLEGE, SALEM-3DEPARTMENT OF COMMERCE (ACCOUNTING & FINANCE)

INTERNAL EXAM – 1 (2015 - 2016)BUSINESS ECONOMICS

Date: Time: 1hr 30min Max. Marks: 45

PART – A

Answer ALL (2 x 5 = 10)

1. Define Business Economics2. Define Demand3. Mention the Factors of Production.4. Define Elasticity of Demand5. What is meant by Law of Diminishing Returns

PART – BAnswer ANY THREE (5 x 3 = 15)

6. Why does the Demand Curve slopes downwards?7. Explain the types of Elasticity of Demand.8. Elucidate the Factors of Production.9. Describe the Law of Returns to Scale.

PART – CAnswer ANY TWO (10 x 2 = 20)

10. Explain the Classifications of Production Function11. Elaborate the concept “Law of Demand” along with the assumption and excemptions.12. Explain the Types of Demand

* * * Do your Best * * *

PART – BAnswer ANY THREE (5 x 3 = 15)

1. Why does the Demand Curve slopes downwards?2. Explain the types of Elasticity of Demand.3. Elucidate the Factors of Production.4. Describe the Law of Returns to Scale.

PART – CAnswer ANY TWO (10 x 2 = 20)

5. Explain the Classifications of Production Function6. Elaborate the concept “Law of Demand” along with the assumption and excemptions.7. Explain the Types of Demand

* * * Do your Best * * *