Managerial Economics Question Paper of MBA Semester 1, Download Question Paper 8

Roll No………

Total No. of Questions: 15

MBA/MBA (IB) (Sem.-1^st)

MANAGERIAL ECONOMICS

Subject Code: MBA-105 (Batch-2012)

Paper ID: [C0105]

Time: 3 Hrs.                                                                           Max. Marks: 60

Instruction to Candidates:

1.      SECTION-A contains SIX questions carrying FIVE marks each and students has to attempt any FOUR questions.

2.      SECTION-B consists of FOUR Subsections: Unit-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 EIGHT marks.

SECTION-A

1.      Explain law of equi marginal utility.

2.      Explain the Opportunity Cost Principle.

3.      Define demand and determinants of demand.

4.      Explain Cost Function?

5.      What is a kinked demand curve?

6.      Discuss Business Cycles.

SECTION-B

            UNIT-I

7.      Discuss the nature and scope of Managerial Economics. What is the relationship of Managerial Economics with other disciplines?

8.      What is an Indifference Curve? What are its properties?

UNIT-II

9.      Discuss various types of elasticities of demand. Also discuss how are they measured?

10.  What is a Production Function? Explain short run and long run production function.

11.   

UNIT-III

11.  Explain the various features of a Perfectly Competitive market. How is price and output of a commodity are determined under perfect competition?

12.  Write notes on:

(a)    Economies of Scale

(b)   Prisoner’s Dilemma

UNIT-IV

13.  “India is a passing through a phase of high Inflation”. In the light of this statement discuss the causes, effects and cures of Inflation for India Economy.

14.  Write notes on (any two):

(a)    Investment Multiplier

(b)   Measures of National Income

(c)    KUZ nets curve.

SECTION-C

CASE STUDY

15.  ABC Enterprises manufacturers a desk designed as micro-computer work station. Mr. Sham, its marketing manager has graduated from a reputed business school. Sham was anxious to apply some of the tools he has learnt and so estimated the demand function for desks in India as:

= -2.8+2.5Y-8.5+ 3.5+0.19 A

= 0.87

Where

=Annual sales of desks (000 in numbers)

Y= Average Annual Income (000 of rupees)

= Desk Price (000 of rupees)

= Price of related goods (000 of rupees)

=Annual advertising budget (000 of rupees)

The current value of the independent variables are

Y=16,5      =2

=4          A=200

(a)    Estimate demand as per demand function.

(b)   “IS product desk a normal good or a giffen good”. Explain.

(c)    What do the Co-efficient +2.5 and -8.5 represent, explain to us in the demand function.

(d)   What does the value of R²=0.87 represent?