Download JNTUH (JNTU Hyderabad) MBA First Year (1st Semester) 2017 July Managerial Economics Question Paper.
HallTicketNo QuestionPaperCode:CMB003
J a w a h a r l a l N e hr u T e c h n ol o g i c a l U n i v e r s i t y H yd e r a b a d
.
MBAISemesterEndExaminations(Supplementary)-July,2017
Regulation: .?R16
MANAGERIALECONOMICS
(MasterofBusinessAdministration)
Time: 3Hours MaxMarks: 70
AnswerONEQuestionfromeachUnit
AllQuestionsCarryEqualMarks
Allpartsofthequestionmustbeansweredinoneplaceonly
UNIT?I
1. (a) Managerialeconomicshelpsindecisionmakingintheframeworkofuncertaintyandscarcityof
resources.Discussthestatementandelaboratewithanexample. [7M]
(b) Whatisthesigni?canceoftimeperspectiveanddiscountingprincipalinbusinessdecisionmaking?
[7M]
2. (a) Explaintheequi-marginalprincipalanditsapplicationinbusinessdecisionmaking. [7M]
(b) Managerialeconomisttendstorelyonthescienti?cresearchmethodinbuildingandempirically
testingbusiness-orientedeconomicsmodels.Discussallthestepstobetakentosolveabusiness
problem. [7M]
UNIT?II
3. (a) ExplainDemandanddescribeitsdeterminantswithsuitableexamples. [7M]
(b) Whatdoyouunderstandbyashiftindemandcurve?Enumeratethethreepossiblereasonsfor
suchshifts. [7M]
4. (a) Usingtheregressiontechniquecalculatethetrendseriesandforecastdemandfortheyear2018
fromthehistoricalsalesdata(inmillions)giveninTable1 [5M]
Table1
Year 2012 2013 2014 2015 2016
Sales 10 12 15 14 18
(b) Whatispriceelasticityandexplaindi?erenttypesofpriceelasticitywithsuitablegraphsand
example? [9M]
Page1of2
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HallTicketNo QuestionPaperCode:CMB003
J a w a h a r l a l N e hr u T e c h n ol o g i c a l U n i v e r s i t y H yd e r a b a d
.
MBAISemesterEndExaminations(Supplementary)-July,2017
Regulation: .?R16
MANAGERIALECONOMICS
(MasterofBusinessAdministration)
Time: 3Hours MaxMarks: 70
AnswerONEQuestionfromeachUnit
AllQuestionsCarryEqualMarks
Allpartsofthequestionmustbeansweredinoneplaceonly
UNIT?I
1. (a) Managerialeconomicshelpsindecisionmakingintheframeworkofuncertaintyandscarcityof
resources.Discussthestatementandelaboratewithanexample. [7M]
(b) Whatisthesigni?canceoftimeperspectiveanddiscountingprincipalinbusinessdecisionmaking?
[7M]
2. (a) Explaintheequi-marginalprincipalanditsapplicationinbusinessdecisionmaking. [7M]
(b) Managerialeconomisttendstorelyonthescienti?cresearchmethodinbuildingandempirically
testingbusiness-orientedeconomicsmodels.Discussallthestepstobetakentosolveabusiness
problem. [7M]
UNIT?II
3. (a) ExplainDemandanddescribeitsdeterminantswithsuitableexamples. [7M]
(b) Whatdoyouunderstandbyashiftindemandcurve?Enumeratethethreepossiblereasonsfor
suchshifts. [7M]
4. (a) Usingtheregressiontechniquecalculatethetrendseriesandforecastdemandfortheyear2018
fromthehistoricalsalesdata(inmillions)giveninTable1 [5M]
Table1
Year 2012 2013 2014 2015 2016
Sales 10 12 15 14 18
(b) Whatispriceelasticityandexplaindi?erenttypesofpriceelasticitywithsuitablegraphsand
example? [9M]
Page1of2
UNIT?III
5. (a)ExplainCobb-Douglasproductionfunctionindetail. [6M]
(b)Whatislawofvariableproportion?Explainchangeinproductionwithchangeinonevariable.
[8M]
6. (a)Discussmarginalrateoftechnicalsubstitution? [5M]
(b)Whatismarginalproduct,totalphysicalproductandaveragephysicalproductofavariable
factor?Showtheirbehavioralrelationshipgivingaproductionscheduleanddiagrammaticrep-
resentation. [9M]
UNIT?IV
7. (a)WhyshortrunAveragecostcurveisUshaped? [7M]
(b)Discussthecost-outputrelationshipinlongrun. [7M]
8. (a)DistinguishEconomiesfromdiseconomiesofscaleandsuggesttwopossiblecauseofeach.[7M]
(b)TheaveragevariablecostisconstantatRs.5.00perunit.The?rmisselling1000unitsaweek.
Average?xedcostisalsoRs.5perunit.ThemarketpricefortheproductisRs.12.00perunit.
i.Calculatethebreak-evenlevelofoutput. [7M]
ii.Ifthe?rmsetsatargetofRs.3400astheirweeklypro?t,howmanyunitsofoutputshould
itsell?
UNIT?V
9. (a)Whatismeantbypricediscrimination? Statethenecessaryconditionforpricediscrimination.
Illustratethethreedi?erentlevelofpricediscriminationwiththehelpofgraphs. [10M]
(b)?Equilibriumunderoligopolyisindeterminate?.Comment. [4M]
10. (a)Showhowthe?rm?sequilibrium,priceandoutputofamonopoly?rmaresimultaneouslydeter-
minedinthelongrun. [7M]
(b)Distinguishbetween [7M]
i.MonopolyandMonopolisticCompetition
ii.OligopolyandMonopolisticCompetition
? ? ? ? ? ? ?
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This post was last modified on 27 November 2019