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Posted By: krishna mohan Member Level: Gold Posted Date: 02 Jun 2008
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2007 Jawaharlal Nehru Technological University M.B.A MANAGERIAL ECONOMICS Question paper
code No: 12/MBA NR-R5
M.B.A. I semester Regular Examination, January/February-2007. MANAGERIAL ECONOMICS Time: 3hours Max Marks: 60
Answer any FIVE Questions All questions carry equal marks
1) What is the role of managerial economics in problem solving?
2) A firm has determined that the annual profits depend on the number of sales persons if employs and the amount spent on advertising. specifically, the relationship between profits, ?(in Millions), sales persons, S(in thousands, and advertising expenditures, A(in millions) is ? =-10+60S+10A-2S2-A2 Determine the number of sales persons and the amount of advertising expenditures that would maximise the firm's profits.
3) Explain the relation of short-run to long run average costs with the help of suitable diagram.
4) What are the determinants of market demand? how is it related to the firm ddemand?
5) What is Cobb-Douglas production function? What are the inputs required to prepare a production table with its help? explain with a suitable example.
6) What is the concept of risk? How is it used in decision making?
7) What is monopoly? What are its causes? what adjustments are made by a firm when it buys competitively and sells monopolistically?
8) Discuss profit maximiZation as a profit policy. what are the aims of good profit policy?
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