Business Economics II

FYB Com Semester II

Business Economics II

Question Bank

1. Discuss the short run equilibrium of firm under prefect competition with identical cost condition.
2. Discuss the short run equilibrium of firm under prefect competition with differential cost condition.
3. Discuss the long run equilibrium of firm under perfect competition.
4. Discuss the long run equilibrium of industry under perfect competition.
5. Discuss the Profit Maximization under perfect competition.
6. How does an individual firm attain equilibrium under monopolistic competition in the short run?
7. How does an individual firm attain equilibrium under monopolistic competition in the long run?
8. Explain how equilibrium price and output is determined under monopoly in short run.
9. What are selling costs? Explain its effects
10. Distinguish between monopolistic competition and perfect competition.
11. Define Oligopoly. What are the important features of oligopoly?
12. Explain the price rigidity situation in an oligopoly market with the help of kinked demand curve.
13. Explain the equilibrium of an oligopoly firm facing kinked demand curve.
14. Define price discrimination. Explain the different ways of price discrimination.
15. Explain how price and output equilibrium is reached under discriminating monopoly.
16. Explain Cost plus Pricing or Full Cost pricing method.
17. Explain the meaning and importance of Capital Budgeting.
18. What is monopolistic competition? What are its features?

19. Explain briefly
a) Pay back period method,
b) Net Present value method and
c) Internal Rate of Return method.
20. Explain Marginal cost Pricing and its relevance to public sector and monopoly firm.

Write a Short note on –
a) Multi Product Pricing
b) Steps in capital budgeting
c) Sources of monopoly power
d) Conditions of perfect competition
e) Conditions of price discrimination
f) Degrees of price discrimination
g) Equilibrium of monopoly in long run
h) Equilibrium of monopoly in short run

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The above Question Bank is provided by
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MMS (Finance), M.Com (Accountancy), M.A (Economics), DFM, DBM, DTM, DBF, CPCM, NCFM, NISM.

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Question Paper Pattern

Maximum Marks: 100
Questions to be set: 06
Duration: 03 Hrs.
All Questions are Compulsory Carrying 15 Marks each.