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Posted By: krishna mohan       Member Level: Gold       Posted Date: 02 Jun 2008

2007 Jawaharlal Nehru Technological University M.B.A MANAGERIAL ECONOMICS Question paper



Course: M.B.A   University: Jawaharlal Nehru Technological University




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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