Dr.A.P.J.Abdul Kalam University
Bachelor of Business Administration
First Semester Main Examination, Dec-2020
ECONOMICS-I [BBA103T]
Time: 3:00 Hrs Max Marks 80
Note : Attempt any five question out of seven.
All question carry equal marks.
Q.1 Define economics. Explain the scope of economics.
Q.2 Explain the Law of Diminishing marginal utility. What are the
difficulties of its application in real life?
Q.3 Explain the relationship between Total Utility and Marginal Utility.
Using table and diagram.
Q.4 Define elasticity of supply. What are the various categories of
elasticity of supply?
Q.5 How will you define economies of scale? What are the sources of
internal and external economies?
Q.6 Examine critically the profit maximization hypothesis. What are the
alternative objectives of business firms?
Q.7 What problems do the depreciation and capital gains cause in
measuring profit? What are the methods of resolving the problems?
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