OU Business Economics Important Questions
Unit 1
(Short answers)
1) define term business economics write any 8 objectives of business economics.
2)write a note on micro economics and macro economics .
3) what do you mean by opportunity cost?
4 )what is incremental cost?
5)what is marginal utility
6) explain time perspectives
(Essay questions)
1) Explain role of business economics
2) law of diminsing marginal utility
3) The difference between macro and micro economics
4) Explain law of equi marginal utility
5 )law of demand and elasticity
Unit 2
(Short answers)
1) what is price demand
2) what is income demand
3)what is the meaning of cross demand
4)what is law of demand
5) what is giffen goods/speculation/luxury goods/veblen goods
6)what is term supply
(Essay questions)
1) explain the functions of demand and various types of demand with its analysis
2) what is elasticity ; explain the price elasticity
3)what is supply ; explain different factors affecting the supply
Unit 3
(Short questions)
1) what is production function , explain it.
2) Law of returns to scale
3)what is total product, average product, marginal product
4) explain ISOCOSt and ISOQUANT
( Essay question )
1) explain production function
2) attributes of production function
3) explain law of variable proportion
4) explain different properties of ISOQUANT
Unit 4 :
(Short questions)
1. What is fixed cost and variable cost
2. What is economies of scale and diseconomies of the scale
3. Explain different types of the cost
4. state the factors and nature of short run cost curve
5. Explain the features and nature of long run cost curve( lAC,SAC)
6. explain causes of diseconomies of scale
Unit 5
( Short answers) - ( Note: _ all the short questions from text book are important)
( Essay questions)
1). Explain features and characteristics of perfect competition
2)explain the characteristics and assumptions of monopolistic competition
3 ) explain the characteristics of monopoly with its assumptions
4) explain about the characteristics and assumptions of oligopoly
Osmania University Previous Question Papers (PQP) App
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Unit 1
(Short answers)
1) define term business economics write any 8 objectives of business economics.
2)write a note on micro economics and macro economics .
3) what do you mean by opportunity cost?
4 )what is incremental cost?
5)what is marginal utility
6) explain time perspectives
(Essay questions)
1) Explain role of business economics
2) law of diminsing marginal utility
3) The difference between macro and micro economics
4) Explain law of equi marginal utility
5 )law of demand and elasticity
Unit 2
(Short answers)
1) what is price demand
2) what is income demand
3)what is the meaning of cross demand
4)what is law of demand
5) what is giffen goods/speculation/luxury goods/veblen goods
6)what is term supply
(Essay questions)
1) explain the functions of demand and various types of demand with its analysis
2) what is elasticity ; explain the price elasticity
3)what is supply ; explain different factors affecting the supply
Unit 3
(Short questions)
1) what is production function , explain it.
2) Law of returns to scale
3)what is total product, average product, marginal product
4) explain ISOCOSt and ISOQUANT
( Essay question )
1) explain production function
2) attributes of production function
3) explain law of variable proportion
4) explain different properties of ISOQUANT
Unit 4 :
(Short questions)
1. What is fixed cost and variable cost
2. What is economies of scale and diseconomies of the scale
3. Explain different types of the cost
4. state the factors and nature of short run cost curve
5. Explain the features and nature of long run cost curve( lAC,SAC)
6. explain causes of diseconomies of scale
Unit 5
( Short answers) - ( Note: _ all the short questions from text book are important)
( Essay questions)
1). Explain features and characteristics of perfect competition
2)explain the characteristics and assumptions of monopolistic competition
3 ) explain the characteristics of monopoly with its assumptions
4) explain about the characteristics and assumptions of oligopoly
Osmania University Previous Question Papers (PQP) App
Previous Question Papers - Apps on Google Play
Past/Previous question papers of various exams conducted across India.