Commerce Sample Questions Business Economics Exams
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- What is business economics?
- Explain the nature of business economics
- What are main uses of business economics?
- Explain the concept of profit and wealth maximization assumption of business economics.
- Explain demand and demand analysis.
- What is elasticity of demand?
- Explain curve analysis law.
- Define Utility and utility analysis.
- What is law of indifference of returns?
- What is law of variable proportions and explain it in detail?
- Define cost and also explain the concept of cost.
- Define revenue and also explain the concept of revenue.
- How to determine the price in different market situations?
- What is perfect competition, monopolistic competition, monopoly?
- What is oligopoly and how to you calculate price in oligopoly?
- Explain different pricing strategies.