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Department of Business Administration (BBA) Mid-Term Examination Course Title: Microeconomics Course Code: MGT 1208 Section-A and B
Total Marks: 10
1.a)What do you mean external economies and internal economics? Describe the
various from external economies. b) Explain advantage and disadvantage of division of labour. c) Discuss the law of diminishing return. 2.a) Illustrate, with example the concept of TC, AC,MC. b )The average total-cost curve is U-shaped-Justify this statement . c) Draw the difference between Economies of Scale and Diseconomies of Scale with a graph.
Total Marks: 10
1.a)What do you mean external economies and internal economics? Describe the
various from external economies. b) Explain advantage and disadvantage of division of labour. c) Discuss the law of diminishing return. 2.a) Illustrate, with example the concept of TC, AC,MC. b )The average total-cost curve is U-shaped-Justify this statement . c) Draw the difference between Economies of Scale and Diseconomies of Scale with a graph.