Exam Details
| Subject | Managerial Economics | |
| Paper | ||
| Exam / Course | M.Sc in Hospitality Administration | |
| Department | School of Tourism & Hospitality Service Sectoral SOMS (SOTHSM) | |
| Organization | indira gandhi national open university | |
| Position | ||
| Exam Date | June, 2016 | |
| City, State | new delhi, |
Question Paper
1. Briefly describe the fundamentals of Managerial Economics. Explain the scope of Managerial Economics as tools of managerial decision making.
2. What is the basic objective of a firm? Distinguish between "Accounting Profit" and "Economic Profit" with the help of an illustration.
3. Explain why the average cost curve is U-shaped? The long run average cost curve is always an envelope of short run average cost curves. Discuss.
4. What is "Perfect Competition"? Discuss its characteristics and relevance.
5. State the law of Demand. Explain with examples the difference in demand curve for substitutes and complements.
6. Explain with examples economies and diseconomies of scale. How do economies and diseconomies of scale, determine the shape of the LARC?
7. Describe different types of Statistical Analysis. Discuss the limitations of different types of Statistical Analysis.
8. Define and discuss Cost Function and its determinants. What are the empirical estimates of Cost Function
9. What is Oligopoly? Differentiate oligopoly from Monopoly.
10. Write short notes on the following:
Bundling
Peak Load Pricing
2. What is the basic objective of a firm? Distinguish between "Accounting Profit" and "Economic Profit" with the help of an illustration.
3. Explain why the average cost curve is U-shaped? The long run average cost curve is always an envelope of short run average cost curves. Discuss.
4. What is "Perfect Competition"? Discuss its characteristics and relevance.
5. State the law of Demand. Explain with examples the difference in demand curve for substitutes and complements.
6. Explain with examples economies and diseconomies of scale. How do economies and diseconomies of scale, determine the shape of the LARC?
7. Describe different types of Statistical Analysis. Discuss the limitations of different types of Statistical Analysis.
8. Define and discuss Cost Function and its determinants. What are the empirical estimates of Cost Function
9. What is Oligopoly? Differentiate oligopoly from Monopoly.
10. Write short notes on the following:
Bundling
Peak Load Pricing
Other Question Papers
Departments
- Centre for Corporate Education, Training & Consultancy (CCETC)
- Centre for Corporate Education, Training & Consultancy (CCETC)
- National Centre for Disability Studies (NCDS)
- School of Agriculture (SOA)
- School of Computer and Information Sciences (SOCIS)
- School of Continuing Education (SOCE)
- School of Education (SOE)
- School of Engineering & Technology (SOET)
- School of Extension and Development Studies (SOEDS)
- School of Foreign Languages (SOFL)
- School of Gender Development Studies(SOGDS)
- School of Health Science (SOHS)
- School of Humanities (SOH)
- School of Interdisciplinary and Trans-Disciplinary Studies (SOITDS)
- School of Journalism and New Media Studies (SOJNMS)
- School of Law (SOL)
- School of Management Studies (SOMS)
- School of Performing Arts and Visual Arts (SOPVA)
- School of Performing Arts and Visual Arts(SOPVA)
- School of Sciences (SOS)
- School of Social Sciences (SOSS)
- School of Social Work (SOSW)
- School of Tourism & Hospitality Service Sectoral SOMS (SOTHSM)
- School of Tourism &Hospitality Service Sectoral SOMS (SOTHSSM)
- School of Translation Studies and Training (SOTST)
- School of Vocational Education and Training (SOVET)
- Staff Training & Research in Distance Education (STRIDE)
Subjects
- Basics Of Human Resource Planning
- Conceptual Framework Of Employment Relations
- Labour Laws
- Managerial Economics
- Marketing Management
- Sales And Marketing
- Sales Management