BASICS OF INDUSTRIAL SOCIOLOGY, ECONOMICS & MANAGEMENT HUM 201 E PREVIOUS YEAR QUESTIONS OF BISEM 1. Explain the law of diminishing returns along with its modern version. Discuss that this law is a universal law. [BT-3/D08] 2. Describe the term Price discrimination. When is it (a) possible, and (b) profitable? [BT-3/D08] 3. Explain the various Cost Concepts. Discuss why the average Cost Curve U-shaped is. [BT-4/JX] 4. Discuss the difference between monopoly and perfect competition. [BT-4/JX] 5. Differentiate between the long term equilibrium of a monopolist and perfectly competitive firm. Will the monopolist always c
This blog is specially developed to help mechanical engineering students, working mechanical professionals. There is multiple section to cater them. This included notes section, GATE/IES preparation section, Resume writing section and Project/thesis section.