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

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Code: 14E00202

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MBA II Semester Supplementary Examinations June 2019

MANAGERIAL ECONOMICS

(For students admitted in 2014 (LC), 2015 & 2016 only)

Time: 3 hours

Max. Marks: 60

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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.

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   OR

   What are the objectives of the firm? Explain the managerial theories of firm.

2. Discuss the need and barometric methods of demand forecasting.

   OR

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   What is supply analysis? Discuss the various types of elasticity of supply.

3. Explain the Cobb-Douglas production function with suitable examples.

   OR

   How a firm optimizes the employment of the variable factor of production in the short-run? Explain.

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4. What is product line pricing? Explain the pricing strategy.

5. Explain the price-output determination in an industry under perfect competition.

   OR

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   Define inflation. State the features and causes of inflation.

SECTION - B

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(Compulsory question, 01 X 10 = 10 Marks)

Case study:

A firm purchases a machinery to produce a new product. The cost data are as follows:

1. Direct material – Rs.16 per unit.
2. Direct labour – Rs.2.40 per unit.

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3. Overheads – Rs.50000 p.a.
4. Administration overheads – Rs.30000 p.a.
5. Selling and distribution overheads – Rs.30000 p.a.
6. Estimated sales – 50000 unit's p.a.

You are required to find:

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1. BEP sales.
2. The selling price, if profit is 25% of sales.