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Q1. Seema has just completed her MBA and joined a startup company. The company was planning to launch a new product in the market. The management wanted to understand the different factors that can impact the supply of a product in the market. Help Seema to prepare a report on the various factors impacting supply of products in the market.
Q2. From the given hypothetical table, enumerate the term Total cost, Average total cost and Marginal cost and calculate the below components. (10 marks)
| Quantity | Variable
cost |
Fixed Cost | Total Cost | Average
cost |
Marginal
cost |
| 0 | 0 | 30 | |||
| 1 | 10 | 30 | |||
| 2 | 25 | 30 | |||
| 3 | 45 | 30 | |||
| 4 | 70 | 30 | |||
| 5 | 100 | 30 |
Q3a. Suppose during the year 2017, weather/climatic condition was favorable for the growing maize, jowar and cotton. There was a good amount of rain which contributed to higher water levels in the fields which helped these crops to submerge in the water for proper growth. Enumerate how climatic condition is an important determinant for Demand analysis for these crops. Also, cite similar examples to demonstrate the relationship between climatic factor and quantity demand of a goods.
b. Enumerate Economies of scale by giving relevant example from the industry (5 marks)
MCQ, Quiz and sample paper for term end exam of Business Economics
Prepare for your Business Economics term end exam with our extensive collection of MCQs, quizzes, and sample papers. Our carefully curated resources cover all the essential topics, ensuring you’re well-prepared for success. Test your knowledge, enhance your understanding, and boost your confidence with our comprehensive study materials. Don’t miss out on this valuable opportunity to excel in your Business Economics exams. Start practicing today and ace your term end exam!
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