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Posted By: sasi kala Member Level: Gold Posted Date: 15 Jun 2008
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2007 Andhra University M.B.A Business Administration MANAGERIAL ECONOMICS Question paper
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Andhra University - Master of Business Administration (MBA)
MANAGERIAL ECONOMICS
Full Time - 1st Semester
Model Papers
Time: 3 hours
Max Marks: 100
1. The candidate shall answer FOUR Questions from Section - A, FOUR questions from Section - B and Section - C which consists of a Case
2. Section - A consists EIGHT Short Answer Questions out of which the candidate has to answer any FOUR questions. Each question carries four marks. I.e 4x4=16 marks
3. Section - B shall consist of FOUR questions. Each question shall consists of either or choices and the candidate has to answer either (a) or (b) from each question. Each question carries 15 marks, ie 4x15=60 marks
4. Section - C consists of a Case. The case carries 24 marks
Section - A ( 4 x 4 = 16 marks)
1.
a. Meaning of Managerial Economics
b. Veblon effect
c. Promotional Elasticity of Demand
d. Economic Profit
e. Marginal Cost
f. GNP
g. Money Supply
h. Multiplier
Section - B (4 x 15 = 60 marks)
1. a. Discuss the scope and importance of Managerial Economics
(or)
b. What is Demand Function? State and Graphically explain the relationship between different determinants of demand and the Quality demand.
2. a. Define Proft and explain the problems involved in measurement of profit.
(or)
b. Explain the relationship between the costs and output in short-run with the help of diagrams.
3.
a. How Price and Output are determined by firm under Monopolistic Competation?
(or)
b. What is Prince Discrimination? What are the necessary conditions for restoration to Price discrimination?
4.
a. Explain National Income and methods to measure National Income.
(or)
b. What are the different phases of Trade Cycles? State the measures to check the fluctuations.
Section - C (24 marks)
CASE
Consider a firm who faces a linear demand curve such as P = 100 - 4 X and produces according to Linear Cost function C = 50 + 20 X.
Notations having their usual meaning, determine the equilibrium output, price and profit earned and verify the Second Order Condition.
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