Download JNTUH MBA 1st Semester 2017 Feb Managerial Economics Question Paper

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Question Paper Code: CMB003

Jawaharlal Nehru Technological University Hyderabad

MBA I Semester End Examinations (Regular) - February, 2017

Regulation: R16

MANAGERIAL ECONOMICS

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(Master of Business Administration)

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. (a) Explain the nature and scope of managerial economics. Discuss the significant roles of managerial economist in the current growing business scenario. [7M]
2. (b) The opportunity cost to a firm of using a resource is zero when the market value of the resources is zero'. Discuss the statement using relevant examples. [7M]
3. (a) How would you apply the knowledge of Economics to the managerial decision making? [7M]

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4. (b) Discuss the fundamental economic principles of managerial economics with its applications. [7M]

UNIT - II

1. (a) Why does the normal demand curve slope downwards? Can there be an upward rising demand curve? [7M]
2. (b) Explain the factors influencing elasticity of supply. [7M]
3. (a) Explain the significance of elasticity of demand. [6M]

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4. (b) Discuss different methods of demand forecasting with examples. [8M]

UNIT - III

1. (a) How does the output change as its inputs are proportionately increased? Explain [7M]
2. (b) Discuss the Cobb-Douglas production function. [7M]
3. (a) Explain the different periods in production with examples. [6M]

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4. (b) Explain the law of variable proportion with the help of total product, marginal product and average product. [8M]

UNIT - IV

1. (a) Explain the relation between cost curves in the short run. [7M]
2. (b) Discuss the differences with the concept of cost between economists and accountants. [7M]
3. (a) Explain nature and various determinants of cost. [7M]

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4. (b) Distinguish between short run and long run costs with a neat diagram. [7M]

UNIT - V

1. (a) Explain how price is determined under monopoly during short run? [10M]
2. (b) Explain the features of monopoly with examples. [4M]
3. (a) Explain the determinants of market structure. [7M]

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4. (b) Discuss the Sweezy's kinked demand curve model of oligopoly with its assumptions. [7M]

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