PTU B.Tech 3rd Sem Paper 2012 Principles of Economics

PTU B.Tech 3rd Semester Paper 2012 Principles of Economics Punjab Technical University Exam 2012 3rd Sem Principles of Economics Test September and March Question Paper Free Download Punjab Technical University Principles of Economics Question Papers 2012 PTU B.Tech 3rd Semester Question Paper 2012 for all students Previous Year old Past Papers of PTU B.Tech 3rd Sem Paper 2012 Principles of Economics Punjab Technical University September 2012 and March 2012 Exam B.Tech 3rd Semester Sample Model Question Papers Free Download PDF

 Principles of Economics

 Q2) Is Management a Science or an Art? Explain.
Q3) “One can delegate authority but not responsibility” Explain it & examine how far this statement is true?
Q4) What is equilibrium of supply & deinand?Explain with an example?
Q5) Price of a product falls from Rs.20 to Rs. 10. The fall in price causes an increase in demand from 43 to 75 units. Calculate the price elasticity of demand.
Q6) Differentiate between Monopoly & Oligopoly?
Section – C (‘2 x 10=20,)
Q 7) Management is no longer exclusive to business but common to all kinds of activities? Discuss. Also mention the various functions of management?
Q8) What is elasticity of Demand? Mention the various determinants of price elasticity of demand?
Q9) Discuss the various cost concepts relevant for decision making at the firm level’?Do you feel that Break-Even analysis could be a useful tool to Indian Managers?

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