Roll No. EEEEEEEEEEE Total No. of Pages : 02
Total No. of Questions : 17
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M.Com. (2018 & Onwards) (Sem.-1)
MANAGERIAL ECONOMICS
Subject Code : MCOP-102-18
M.Code : 75334
Time : 3 Hrs. Max. Marks : 60
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INSTRUCTIONS TO CANDIDATES :
- SECTION-A contains EIGHT questions carrying TWO marks each and students has to attempt ALL questions.
- SECTION-B consists of FOUR Subsections : Units-I, Il, Ill & IV. Each Subsection contains TWO questions each carrying EIGHT marks each and student has to attempt any ONE question from each Subsection.
- SECTION-C is COMPULSORY and consist of ONE Case Study carrying TWELVE marks.
SECTION-A
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Write short notes on :
- Differentiate between Law of Demand and Elasticity of Demand.
- What are the objectives of pricing strategies?
- Show the substitution effect of a rise-in price.
- Write a short note on principle of time perspective.
- Differentiate between Gross National Disposable Income and Net National Disposable income.
- Explain the relationship between Total Revenue, Average Revenue and Marginal Revenue.
- Explain briefly Diamond Water Paradox.
- What are the conditions of the equilibrium of the firm under perfect competition?
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SECTION-B
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UNIT-1
- “Managerial Economics is the integration of Economic Theory with Managerial Practice for the purpose of facilitating decision making”. Explain.
- What is consumer’s equilibrium? Show with the help of indifference curve analysis how the consumer attains equilibrium when marginal rate of substitution of X for Y is equal to the ratio of prices of X and Y.
UNIT-1I
- Define Isoquants with diagrams. Explain the relationship between Isoquants and Returns to Scale. Also explain various phases of Returns to Scale.
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- “The Long Run Average cost curve is more likely to be L shaped than U shaped.” Discuss statement.
UNIT-11I
- What is an oligopoly? What are its different types? Explain the Edgeworth’s model of oligopoly.
- “The monopoly price is always higher than the competitive price, whereas the monopoly output is less than the competitive output”. Explain the statement.
UNIT-1V
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- Explain the Hicksian model of trade cycle. Bring out the difference between Hicks model and Samuelson’s model of trade cycle.
- Distinguish between Demand Pull and Cost Push Inflation. What are the various methods to control inflation?
SECTION-C
Case Study :
- A woman managing a photocopying establishment in the U.S. for $25,000 per year decides to open her own duplicating place. Her revenue during the first year of operation is $120,000, and her expenses are as follows: Salaries to hired help $45,000 Supplies 15,000 Rent 10,000 Utilities 1,000 Interest on bank loan 10,000. Calculate the explicit costs, implicit costs, business profit, economic profit, the normal return on investment in this business.
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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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This download link is referred from the post: PTU M.Phil 2020 March Previous Question Papers (Master of Philosophy)