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Essentials of Business Economics BBA 1st Semester PU Chandigarh

by Madhurima
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23 Customer Review

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  • Q1
    Is this book the latest edition and fully updated for the current academic year's BBA syllabus at Panjab University?
    A1

    Yes, this edition is the most recent one available and is meticulously aligned with the prescribed BBA106 syllabus for Panjab University, Chandigarh. We recommend checking the publication date on the product page for specific details.

  • Q2
    Does the book include solved numerical problems and practical examples related to cost and revenue analysis?
    A2

    Yes, the book provides explanations and applications of cost and revenue concepts, including the relationship between AR, MR, and elasticity, which are essential for solving practical business problems.

  • Q3
    How well does the book explain the difference between 'movement along the demand curve' and a 'shift in the demand curve'?
    A3

    This is a key concept covered in detail in Unit I. The book provides clear explanations and diagrams to help students distinguish between changes in quantity demanded (movement along) and changes in demand (shift) effectively.

  • Q4
    I struggle with the graphical representations in economics. Does this book have clear and well-labeled diagrams for cost curves and market equilibriums?
    A4

    Absolutely. The book includes numerous graphs and diagrams, such as short-run and long-run cost curves and firm equilibrium under different market structures, which are clearly labeled to aid visual learning and comprehension.

  • Q5
    Is the concept of 'Selling Costs' under Monopolistic Competition covered as per the PU syllabus?
    A5

    Yes, Unit II includes a dedicated section on Selling Costs within the chapter on Monopolistic Competition, explaining its meaning and effects on a firm's equilibrium, as outlined in the syllabus.

  • Q6
    Does this textbook help in understanding the application of the Equi-Marginal Principle in business decision-making?
    A6

    Yes, the fundamental concepts section in Unit I covers the Equi-Marginal Principle along with other key principles like Opportunity Cost and Incremental Analysis, explaining their relevance to managerial decisions.

  • Q7
    Are the methods of Demand Forecasting covered in a way that is easy to understand for a first-year student?
    A7

    Yes, the book breaks down the need, objectives, and various methods of Demand Forecasting in a structured and student-friendly manner, making a complex topic accessible.

  • Q8
    Does the book cover both the Law of Variable Proportions and Returns to Scale in the production theory?
    A8

    Yes, Unit I provides a distinct and detailed analysis of both the Law of Variable Proportions (short-run) and Returns to a Scale (long-run) within the Theory of Production.

  • Q9
    Is the section on Oligopoly pricing detailed enough, given its importance in the modern economy?
    A9

    The book covers the fundamental features and pricing concepts under an oligopoly market structure, providing a solid foundation as required for a first-semester BBA course.

  • Q10
    Is the book written in a simple language that is easy for non-economics background students to grasp?
    A10

    Yes, the authors have taken care to present complex economic theories in a clear, straightforward language, making it suitable for students who are new to the subject of economics.

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Have Doubts Regarding This Product ? Ask Your Question

  • Q1
    Is this book the latest edition and fully updated for the current academic year's BBA syllabus at Panjab University?
    A1

    Yes, this edition is the most recent one available and is meticulously aligned with the prescribed BBA106 syllabus for Panjab University, Chandigarh. We recommend checking the publication date on the product page for specific details.

  • Q2
    Does the book include solved numerical problems and practical examples related to cost and revenue analysis?
    A2

    Yes, the book provides explanations and applications of cost and revenue concepts, including the relationship between AR, MR, and elasticity, which are essential for solving practical business problems.

  • Q3
    How well does the book explain the difference between 'movement along the demand curve' and a 'shift in the demand curve'?
    A3

    This is a key concept covered in detail in Unit I. The book provides clear explanations and diagrams to help students distinguish between changes in quantity demanded (movement along) and changes in demand (shift) effectively.

  • Q4
    I struggle with the graphical representations in economics. Does this book have clear and well-labeled diagrams for cost curves and market equilibriums?
    A4

    Absolutely. The book includes numerous graphs and diagrams, such as short-run and long-run cost curves and firm equilibrium under different market structures, which are clearly labeled to aid visual learning and comprehension.

  • Q5
    Is the concept of 'Selling Costs' under Monopolistic Competition covered as per the PU syllabus?
    A5

    Yes, Unit II includes a dedicated section on Selling Costs within the chapter on Monopolistic Competition, explaining its meaning and effects on a firm's equilibrium, as outlined in the syllabus.

  • Q6
    Does this textbook help in understanding the application of the Equi-Marginal Principle in business decision-making?
    A6

    Yes, the fundamental concepts section in Unit I covers the Equi-Marginal Principle along with other key principles like Opportunity Cost and Incremental Analysis, explaining their relevance to managerial decisions.

  • Q7
    Are the methods of Demand Forecasting covered in a way that is easy to understand for a first-year student?
    A7

    Yes, the book breaks down the need, objectives, and various methods of Demand Forecasting in a structured and student-friendly manner, making a complex topic accessible.

  • Q8
    Does the book cover both the Law of Variable Proportions and Returns to Scale in the production theory?
    A8

    Yes, Unit I provides a distinct and detailed analysis of both the Law of Variable Proportions (short-run) and Returns to a Scale (long-run) within the Theory of Production.

  • Q9
    Is the section on Oligopoly pricing detailed enough, given its importance in the modern economy?
    A9

    The book covers the fundamental features and pricing concepts under an oligopoly market structure, providing a solid foundation as required for a first-semester BBA course.

  • Q10
    Is the book written in a simple language that is easy for non-economics background students to grasp?
    A10

    Yes, the authors have taken care to present complex economic theories in a clear, straightforward language, making it suitable for students who are new to the subject of economics.

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