Download JNTUA MBA 2019 June 2nd Sem 14E00202 Managerial Economics Question Paper

Download JNTUA (JNTU Anantapur) MBA (Master of Business Administration) 2019 June Supplementary 2nd Sem 14E00202 Managerial Economics Previous Question Paper

Code: 14E00202

MBA II Semester Supplementary Examinations June 2019
MANAGERIAL ECONOMICS
(For students admitted in 2014 (LC), 2015 & 2016 only)

Time: 3 hours Max. Marks: 60

All questions carry equal marks
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SECTION ? A
(Answer the following: 05 X 10 = 50 Marks)

1 ?Managerial economics is the discipline which deals with the application of economic theory to
business management?. Explain.
OR
2 What are the objectives of the firm? Explain the managerial theories of firm.

3 Discuss the need and barometric methods of demand forecasting.
OR
4 What is supply analysis? Discuss the various types of elasticity of supply.

5 Explain the Cobb-Douglas production function with suitable examples.
OR
6 How a firm optimizes the employment of the variable factor of production in the short-run? Explain.

7 What is product line pricing? Explain the multiple products pricing strategy.
OR
8 Explain the price-output determination in an industry under perfect competition.

9 Define inflation. State the features and causes of inflation.
OR
10 Describe the causes and major stabilization policies to counter business cycles on business
organizations.

SECTION ? B
(Compulsory question, 01 X 10 = 10 Marks)
11 Case study:
A firm purchases a machinery to produce a new product. The cost data are as follows:
(i) Direct material ? Rs.16 per unit.
(ii) Direct labour ? Rs.2.40 per unit.
(iii) Overheads ? Rs.50000 p.a.
(iv) Administration overheads ? Rs.30000 p.a.
(v) Selling and distribution overheads ? Rs.30000 p.a.
(vi) Estimated sales ? 50000 unit?s p.a.
You are required to find:
(a) BEP sales.
(b) The selling price, if profit is 25% of sales.

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