Tribhuvan University
Bachelor of Business Studies
Year 1 · TU Board 2078
Course Title: Business Statistics (MGT207)
Time: 3 Hrs
Group A
Brief Answer Questions: Attempt ALL questions.(10 × 2 = 20)
- 1.2
Why does production possibility curve slope concave downwards?
- 2.2
Write any four factors that cause rightward shifts in demand curve.
Answer comingAlso asked in 2080, 2079
- 3.2
Let, ey (mobile set) =2.3 ey(potato) =-0.8. Describe the nature of these two goods.
- 4.2
List out any four assumptions of indifference curve analysis.
Answer comingAlso asked in 2081
- 5.2
Let, C_A = Rs. 400000, C_B = Rs. 200000, C_A+B = Rs 500000. Determine degree of economies of scope.
- 6.2
Prepare a list of examples of explicit costs.
Answer comingAlso asked in 2081, 2080, 2079
- 7.2
State the relationship between price elasticity of demand and marginal revenue.
Answer comingAlso asked in 2080, 2079
- 8.2
Why do firms involve in cartel?
- 9.2
What are the causes for interest rate differentials?
Answer comingAlso asked in 2080
- 10.2
Let c = Rs. 2000, r = Rs. 50, w = Rs. 40. Determine the slope of iso-cost line.
Group B
Descriptive Answer Questions: Attempt any FIVE questions.(5 × 10 = 50)
- 11.10
Describe the nature and scope of business economics. [5+5]
Answer comingAlso asked in 2080
- 12.10
What is an economic efficiency? How can it be measured? [2+8]
- 13.10
Let, production function, Q=14L + 7L^2 - L^3. Compute TP, AP and MP, graph them and explain three stages of production with proper reasons. [2+3+5]
- 14.10
Explain the concept of incremental cost pricing with suitable examples.
- 15.10
What are the motives of demand for money according to Keynes? Explain.
- 16.10
Consider the following cost schedule: Q:0123456789TVC:020364864100160248360520 a. Compute TC, AFC, AVC, AC and MC at TFC = Rs. 200. b. Graph AC and MC and describe their relationship.
Group C
Analytical Answer Questions: Attempt any TWO questions.(2 × 15 = 30)
- 17.15
What is price effect? How can it be decomposed into income effect and substitution effect? [2+13]
Answer comingAlso asked in 2079
- 18.15
State the characteristics of monopolistic competition. How are the price and the output determined under it in short-run? In what respects, monopolistic competition differ from perfect competition? [3+9+3]
- 19.15
Consider the following table Points:ABCDEPx:86420Qsx:5040302010Qdx:015304560 a. Derive linear demand and supply functions. [2] b. Graph Qsx and Qdx and determine equilibrium price and quantity. [2] c. Compute price elasticity of supply at movement from B to D and D to B by (i) percentage method and (ii) arc method. Which method is more appropriate and why? [4+2] d. How do business firms use the concept of price elasticity of demand in business decision making? Explain. [5]
— The End —