Download PTU B.Com 2020 Dec 1st Sem 75092 Managerial Economics Question Paper

Roll No.
Total No. of Pages : 02
Total No. of Questions : 18
B.Com. (Hons) (2018 & Onwards) (Sem.?1)

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MANAGERIAL ECONOMICS
Subject Code : BCOMGE-101-18
M.Code : 75092
Time : 3 Hrs. Max. Marks : 60
INST RUCT IONS T O CANDIDAT ES :

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1 .
SECT ION-A is COMPULSORY cons is ting of TEN questions carrying TWO marks
each.
2 .
SECT ION-B cons ists of F OUR Sub-sec tions : Un its-I, II, III & IV.

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3 .
Eac h Sub-section contains TWO questions each , carry in g T EN ma rks e ach .
4 .
Students have to atte mpt an y ONE ques tion from each Sub-section.
SECTION-A

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Answer briefly :
1.
What is production possibility curve?
2.
What is the relationship of managerial economics with statistics?

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3.
What is the meaning of opportunity cost?
4.
What is consumer's equilibrium?
5.

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What is the relationship between AR and MR of a firm?
6.
What is the meaning of marginal cost?
7.
What is advertising cost?

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8.
What is supply?
9.
What is an oligopoly market?
10. What is price line?

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SECTION-B
UNIT-I

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11. What is Price elasticity of demand? What are the factors to determine elasticity of
demand?
12. What is demand forecasting? What are its various techniques?
UNIT-II
13. Discuss the law of returns to scale.

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14. What is an Isoquant? Discuss least cost combination of inputs?
UNIT-III
15. What is Average cost? Why is Average cost curve U shaped?
16. Discuss the relationship between elasticity of demand and revenue of a firm?
UNIT-IV

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17. Discuss how price and output is determined under perfect competition?
18. Describe how interest rate is determined under perfect competition?
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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