F D1083 Pages: 2

Reg No.:_ Name:

APJ ABDUL KALAM TECHNOLOGICAL UNIVERSITY
FOURTH SEMESTER B.TECH DEGREE EXAMINATION(R&S), MAY 2019

Course Code: HS200
Course Name: BUSINESS ECONOMICS

Max. Marks: 100 Duration: 3 Hours
PARTA

Answer any three questions, each carries10 marks. Marks

1 98) Distinguish between Micro and Macroeconomics (4)
b) What is the relevance of Business Economics in business decision making? (6)

2 a) Define PPC and draw a PPC .Is it always concave to the origin?.If yes what is the (6)

reason?
b) What is utility? “Utility is not usefulness’ Explain the statement with examples. (4)

3 9) Howis the equilibrium price of a commodity determined? If supply of this commodity (6)
decreases without any change in demand how it affects equilibrium price and quantity?
Substantiate your answer with a diagram.

b) What is cross elasticity of demand? Suppose cross elasticity of demand between two (4)
commodities X and Y are positive. What type of goods are X and Y?
4 2) With suitable diagrams illustrates different degrees of price elasticity (6)
b) Complete the following table 4 (4)
Units of labour
|1 |
2
3
4
5
6]
7
]8 sd
PART B
Answer any three questions, each carries 10 marks.
5 ഒ) -Whatis explicit and implicit cost? (4)
b) Draw a diagram and explain AFC, AVC,MC & AC. (6)
6.8. Define Cartel. How it differs from Collusion. (3)
b) With a suitable diagram explain equilibrium price and output determination of a firm (7)
under oligopoly.
7 ७). Bring out the differences in monopoly, monopolistic competition and perfect (6)
competition.
b) — Explain the circular flow of income in a two sector model (4)
8 9७) Whatis inflation? What are the monetary policy measures to control inflation? (6)

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