Download JNTU-Hyderabad MBA 1st Sem R17 2018 Dec 741AB Business Economics Question Paper

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Code No: 741AB

R17

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JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

MBA I Semester Examinations, December - 2018

BUSINESS ECONOMICS

Time: 3hours

Max.Marks:75

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Note: This question paper contains two parts A and B.

Part A is compulsory which carries 25 marks. Answer all questions in Part A. Part B consists of 5 Units. Answer any one full question from each unit. Each question carries 10 marks and may have a, b, c as sub questions.

PART - A 5 × 5 Marks = 25

1. a) What are the stages in a Business decision making process? [5]
2. b) Explain about elasticity of demand and its types? [5]

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3. c) Write about the Cobb Douglas production function? [5]
4. d) Write about the features of Monopolistic competition? [5]
5. e) Write about the Fiscal policy of India? [5]

PART - B 5 × 10 Marks = 50

1. a) Write about the role of managerial economist? [6+4]

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2. b) Explain the concept of opportunity cost?

OR

3. Describe about incremental concept and time perspective in business economics? [10]

4. a) What are the Determinants of supply? [3+3+4]
5. b) Illustrate the Law of supply?

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6. c) How can you determine ‘Elasticity of Supply'?

OR

5. a) How do you measure the elasticity of demand? [5+5]
6. b) What are the factors influencing price elasticity of demand?

6. Write about the cost-output relationship in the short run and long run? Use necessary diagrams. [10]

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OR

7. a) Illustrate Marginal rate of technical substitution? [5+5]
8. b) Explain about the economics of scale?

8. a) What are the features of Perfect competition? [5+5]
9. b) How do you determine price-output relationship under Perfect competition?

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OR

9. a) Explain the concept ‘Break even analysis'? What are its limitations? [5+5]
10. b) How do you price the products considering various stages in product life cycle?

10. Write briefly about the Industrial policy of 1991 and its recent developments? [10]

OR

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11. Explain about the Export- Import policies of India? [10]

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