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Posted By: vijay kumar Member Level: Diamond Posted Date: 25 Jun 2008
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2007 Alagappa University M.B.A MANAGERIAL ECONOMICS Question paper
M.B.A. (CS) DEGREE EXAMINATION, DECEMBER 2007.
Time : Three hours Maximum : 100 marks
PART A — (5* 8 = 40 marks)
Answer any FIVE questions.
1. Explain the role and responsibilities of a managerial economist.
2. What are the important determinants of demand?
3. Explain the chief characteristics of law of demand.
4. What is the meaning of production in economics?
5. How does the innovation theory explain profit making by firms?
6. "All direct costs are variable and all indirect costs are fixed". Do you agree?
7. Mention the problems involved in the measurement of national income.
8. Explain the role of risk and uncertainty in the context of profit is the reward for risk taking-explain.
PART B — (4 * 15 = 60 marks)
Answer any THREE from Q. No. 9 to Q. No. 14 and question No 15 is compulsory.
9. "Managerial economics is economics applied in decision making"-Explain.
10. Explain the utility of demand analysis for a firm.
11. Explain the cost-output relationship in the long-run.
12. Explain the concept of pricing in multiplant firms.
13. Explain the marginal productivity theory of profit.
14. Explain the importance of national income analysis to business people.
15. How does a firm take its pricing and output decisions under monopolistic competition?
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