Tribhuvan University
Bachelor of Business Studies
Year 1 · TU Board 2080
Course Title: Business Statistics (MGT207)
Time: 3 Hrs
Group A
Brief Answer Questions: Attempt ALL questions.(10 × 2 = 20)
- 1.2
Write any four uses of microeconomics.
- 2.2
State the condition for equilibrium under cardinal approach.
- 3.2
Consider the demand function, Qd = a - bP and interpret the components.
Answer comingAlso asked in 2079
- 4.2
Prepare a list of assumptions of isoquant.
- 5.2
What are the characteristics of LAC?
- 6.2
Write any four examples of accounting cost.
Answer comingAlso asked in 2081, 2079, 2078
- 7.2
Mention the types of oligopoly.
- 8.2
What are the determinants of supply of lonable funds?
- 9.2
Write any two relationships between price elasticity of demand and marginal revenue.
Answer comingAlso asked in 2079, 2078
- 10.2
What are the factors that cause interest rate differentials?
Answer comingAlso asked in 2078
Group B
Descriptive Answer Questions: Attempt any FIVE questions.(5 × 10 = 50)
- 11.10
Describe the nature of business economics. [5+5]
Answer comingAlso asked in 2078
- 12.10
Explain the factors that cause shift in supply curve.
Answer comingAlso asked in 2079, 2078
- 13.10
Explain the concept of accounting profit and economic profit with suitable examples.
- 14.10
Derive shortrun supply curve of a competitive firm.
- 15.10
Consider the following production schedule: Labour (L):01234567TP_L:020487810412012098 a. Compute AP_L and MP_L [2] b. Graph TP_L, AP_L and MP_L and explain three stages of production with proper reasons
- 16.10
Consider the following cost schedule: Q:12345678AFC:1005033.3252016.714.312.5AVC:109881013.317.722.5AC:1105941.33330303235 a) Graph AFC, AVC and AC and explain their behavior. [6] b) Is the trend of AC is influenced by law of variable proportions? Explain [4]
Answer comingAlso asked in 2079
Group C
Analytical Answer Questions: Attempt any TWO questions.(2 × 15 = 30)
- 17.15
Explain the income effect for inferior and normal goods.
- 18.15
How are the price and the output determined under monopoly in short run? Is monopoly price is always higher than competitive price? Give reasons. [10+5]
- 19.15
Consider the following demand schedule; Points:ABCDEIncome (RS):1000020000300004000050000Demand (Units):2004006008001000 a) Compute the income elasticity of demand at movement from B to D and D to B by proportion method [4] b) Compute the income elasticity of demand at midway between B and D and D and B by arc method. Why is arc method considered as more appropriate than proportion method? [4+2] c) How do firm use price elasticity of demand in business decision making? Explain with suitable examples. [5]
Answer comingAlso asked in 2079
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