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| Roll No. | Total No. of Pages : 02 |
| Total No. of Questions : 09 |
BBA(RD)/BBA/BBA(SIM)/BBA(Business Economics) (2018 Batch)(Sem-1)
MANAGERIAL ECONOMICS-I
Subject Code : BBAGE-101-18
M.Code: 75084
| Time: 3 Hrs. | Max. Marks : 60 |
INSTRUCTIONS TO CANDIDATES :
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- SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks each.
- SECTION-B consists of FOUR Sub-sections : Units-I, II, III & IV.
- Each Sub-section contains TWO questions each, carrying TEN marks each.
- Student has to attempt any ONE question from each Sub-section.
SECTION-A
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- Write briefly :
- What is opportunity cost?
- Explain the incremental concept.
- What do you mean by demand estimation?
- What is the production function?
- What do you mean by returns to scale?
- What are explicit costs?
- What is revenue?
- Define Oligopoly.
- What do you mean by commodity pricing?
- What is nominal interest rate?
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1| M-75084 (S12)-1629
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SECTION-B
UNIT-I
- Define Managerial Economics. Discuss in brief the nature and scope of managerial economics.
- What is the elasticity of demand? Why does it vary with different commodities? What are various methods to measure it?
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UNIT-II
- Explain the law of variable proportions. Discuss the various stages of this law with the help of a table and diagrams.
- Why is the short -run average cost curve U-shaped? Discuss the relationship between average cost and marginal cost with the help of a table and diagram.
UNIT-III
- Discuss the concept of total, average and marginal revenue. How will you distinguish between average and marginal revenue?
- Define Perfect Competition. How is price determined under perfect competition? Explain with the help of suitable diagrams.
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NIT-IV
- What is pricing practices? Explain briefly the main objectives and various types of pricing practices.
- How do you explain collective bargaining? What are the objectives and benefits of collective bargaining?
NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any page of Answer Sheet will lead to UMC against the Student.
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