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Download JNTUH MBA 1st Semester 2018 May Managerial Economics Question Paper

Download JNTUH (JNTU Hyderabad) MBA First Year (1st Semester) 2018 May Managerial Economics Question Paper.

This post was last modified on 27 November 2019

JNTUH MBA 1st Sem Last 10 Year Question Papers (2010-2020) All Regulation-First Semester (JNTU Hyderabad)


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Question Paper Code: CMB003

Jawaharlal Nehru Technological University Hyderabad

MBA I Semester End Examinations (Supplementary) - June, 2018

Regulation: R16

Managerial Economics

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(MBA)

Answer ONE Question from each Unit

All Questions Carry Equal Marks

All parts of the question must be answered in one place only

Max Marks: 70

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Time: 3 Hours


UNIT I

    1. Explain the role and responsibilities of a managerial economist in business. [7M]
    2. How do operations research and marketing get very close to managerial Economics? Explain. [7M]
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    1. Explain the significance of economies of risk and uncertainty in decision making of business. [7M]
    2. Define managerial economics. What are the subjects that are related to managerial economics. [7M]

UNIT II

    1. Define demand. Explain the types of demand and its nature. [7M]
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    3. Define the concept supply and the law of supply. [7M]
    1. What is meant by demand forecasting? Why it is necessary for the managers of business firm? [7M]
    2. Define elasticity of demand. Explain the significance of elasticity of demand. [7M]
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UNIT - III

    1. What is economies of scale? Explain internal and external economies of scale. [7M]
    2. How does the law of variable proportions operate? Explain with the help of assumed data and also represent it in a diagram. [7M]
    1. Explain the term ISO Quant's and ISO costs and what are types of ISO Quant's? [7M]
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    3. Define production function and explain the Marginal Rate of Technical Substitution(MRTS). [7M]

UNIT IV

    1. Define cost. Explain different cost concepts that are used by manager for decision making. [7M]
    2. Explain the concepts: AFC, AVC, ATC and MC. [7M]
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    1. Give the reasons for the U shape of long run AC curve. [7M]
    2. Define break even point. What are the factors influencing cost? [7M]

UNIT - V

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    1. Do you think monopoly is still present in current business environment? Explain how price output is determined in monopoly in the long run and short run. [7M]
    2. Explain the difference between perfect competition and monopoly. [7M]
    1. Explain oligopoly competition. Explain price and output determination in oligopoly market. [7M]
    2. Explain the difference between Monopoly and Monopolistic competition. [7M]
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