Distinguish between positive and normative economics.

Explain the marginal productivity theory of distribution. Also state its assumptions.

 Explain the determination of a monopolist's equilibrium in the long period.

What is backward bending supply curve? Explain with an example.

 Why is a short run average cost curve U-shaped? What is the relation between average cost and marginal cost? Use suitable diagrams.

Explain the main determinants of demand of a commodity in the market.

Explain the law of variable proportions with the help of total, average and marginal product.

 Explain the concept of a Production Possibility Curve. Enumerate its assumptions. Illustrate it with the help of an example.

 What is meant by price elasticity of demand? Briefly explain the determinants and importance of price elasticity of demand.

 State the Law of Diminishing Marginal Utility (or the Law of Satiable Wants) and its limitations.

Define Indifference Curve. Explain the assumptions and properties of the indifference curve.

Precis writing

Correspondence with public utilities

Resolutions

 Practising company secretary

 Formal and Informal Reports

Publicity and advertisement

Write a complaint from Hari Ram to the Railway Authorities, Bareilly, that a railway parcel sent to his address has not reached.

What are the basic principles of business correspondence?

 "The success or failure of a meeting depends on its chairman." Elucidate the statement with special reference to the powers and duties of the chairman of a meeting.