Download PTU (I.K. Gujral Punjab Technical University Jalandhar (IKGPTU) M.Com 2020 March (Master of Commerce) 1st Sem 75334 Managerial Economics Previous Question Paper
Roll No. Total No. of Pages : 02
Total No. of Questions : 17
M.Com. (2018 & Onwards) (Sem.?1)
MANAGERIAL ECONOMICS
Subject Code : MCOP-102-18
M.Code : 75334
Time : 3 Hrs. Max. Marks : 60
INSTRUCTIONS TO CANDIDATES :
1. SECTION-A contains EIGHT questions carrying TWO marks each and students
has to attempt ALL questions.
2. SECTION-B consists of FOUR Subsections : Units-I, II, III & IV. Each Subsection
contains TWO questions each carrying EIGHT marks each and student has to
attempt any ONE question from each Subsection.
3. SECTION-C is COMPULSORY and consist of ONE Case Study carrying TWELVE
marks.
SECTION-A
Write short notes on :
1. Differentiate between Law of Demand and Elasticity of Demand.
2. What are the objectives of pricing strategies?
3. Show the substitution effect of a rise in price.
4. Write a short note on principle of time perspective.
5. Differentiate between Gross National Disposable Income and Net National Disposable
income.
6. Explain the relationship between Total Revenue, Average Revenue and Marginal
Revenue.
7. Explain briefly Diamond Water Paradox.
8. What are the conditions of the equilibrium of the firm under perfect competition?
SECTION-B
UNIT-I
9. ?Managerial Economics is the integration of Economic Theory with Managerial Practice
for the purpose of facilitating decision making?. Explain.
FirstRanker.com - FirstRanker's Choice
1 | M-75334 (S32)-669
Roll No. Total No. of Pages : 02
Total No. of Questions : 17
M.Com. (2018 & Onwards) (Sem.?1)
MANAGERIAL ECONOMICS
Subject Code : MCOP-102-18
M.Code : 75334
Time : 3 Hrs. Max. Marks : 60
INSTRUCTIONS TO CANDIDATES :
1. SECTION-A contains EIGHT questions carrying TWO marks each and students
has to attempt ALL questions.
2. SECTION-B consists of FOUR Subsections : Units-I, II, III & IV. Each Subsection
contains TWO questions each carrying EIGHT marks each and student has to
attempt any ONE question from each Subsection.
3. SECTION-C is COMPULSORY and consist of ONE Case Study carrying TWELVE
marks.
SECTION-A
Write short notes on :
1. Differentiate between Law of Demand and Elasticity of Demand.
2. What are the objectives of pricing strategies?
3. Show the substitution effect of a rise in price.
4. Write a short note on principle of time perspective.
5. Differentiate between Gross National Disposable Income and Net National Disposable
income.
6. Explain the relationship between Total Revenue, Average Revenue and Marginal
Revenue.
7. Explain briefly Diamond Water Paradox.
8. What are the conditions of the equilibrium of the firm under perfect competition?
SECTION-B
UNIT-I
9. ?Managerial Economics is the integration of Economic Theory with Managerial Practice
for the purpose of facilitating decision making?. Explain.
2 | M-75334 (S32)-669
10. 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-II
11. Define Isoquants with diagrams. Explain the relationship between Isoquants and Returns
to Scale. Also explain various phases of Returns to Scale.
12. ?The Long Run Average cost curve is more likely to be L shaped than U shaped.? Discuss
statement.
UNIT-III
13. What is an oligopoly? What are its different types? Explain the Edgeworth?s model of
oligopoly.
14. ?The monopoly price is always higher than the competitive price, whereas the monopoly
output is less than the competitive output?. Explain the statement.
UNIT-IV
15. Explain the Hicksian model of trade cycle. Bring out the difference between Hicks model
and Samuelson?s model of trade cycle.
16. Distinguish between Demand Pull and Cost Push Inflation. What are the various methods
to control inflation?
SECTION-C
17. 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.
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.
FirstRanker.com - FirstRanker's Choice
This post was last modified on 31 March 2020