Download PTU M.Com 2020 March 2nd Sem 71522 Managerial Economics Question Paper

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Roll No. Total No. of Pages : 02
Total No. of Questions : 09

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INSTRUCTION TO CANDIDATES :

1. SECTIONS-A, B, C & D contains TWO questions each carrying FIFTEEN marks each and students have to attempt any ONE question from each SECTION.
2. SECTION-E is COMPULSORY consisting of TEN questions carrying TWENTY marks in all.

SECTION-A

1. Discuss the nature of business problems. Also, discuss the role and responsibilities of a business/managerial economics in business.

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2. Discuss the importance of concept of Incremental'concept and Marginal concept? What is the difference between Incremental concept and Marginal concept?

SECTION-B

1. State and explain the law of demand. What are the exceptions to the law of demand? What is the significance of demand-analysis to a manager?
2. As a manager in a firm, how would you do the demand forecasting of a new product?

SECTION-C

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1. What is production function? How does a long-run production function differ from a short-run production function? Also, explain the laws of return to scale and Iso-quant curve.
2. Explain and illustrate the MC = MR approach to profit maximization. Do firms equate their marginal cost with marginal revenue in practice?

SECTION-D

1. Critically examine Keynes’ explanation of business cycles. What is the significance of business cycle for a manager?
2. Discuss the different pricing methods.

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SECTION-E

1. Write briefly :
   1. What is Economic Model?
   2. What is time perspective?
   3. Change in demand.
   4. What is point elasticity of Demand?

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   5. Explain implicit and explicit cost.
   6. What is meant by normal profit?
   7. What is monopolistic competition?
   8. Shut down point in perfect competition.
   9. When price discrimination is possible?

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   10. Cost plus pricing.

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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