B.B.A. (Three Year) DEGREE EXAMINATION, OCTOBER 2018.
End Semester Examination
First Semester
(Regular/ Supplementary)
MANAGERIAL ECONOMICS
2 C 1402
Time 3 Hours Max. Marks 70
PART — A
Answer any FIVE of the following questions. 4 20 Marks)
1. Economic and Non-economic activities.
2. Elasticity of Supply.
3. Short -run average cost curve.
4. Equilibrium of firm.
5. Phases of Business Cycles.
6. Balance of payments.
7. Significance of National Income.
8. Concept of Consumer's Surplus.
PART — B
Answer ALL the following questions. 10 50 Marks)
UNIT I
9. State the law of diminishing marginal utility? What are the exceptions to it?
Or
Distinguish between Micro and Macro Economics. State their significance.
UNIT II
10. What is elasticity of demand? Explain the methods of measuring elasticity of
demand.
Or
What do you understand by law of supply? Describe the reasons for changes
in the supply of product.

UNIT III
11. State the three stages of the law of variable proportions. Which is
economically viable and why?
Or
Describe the Managerial uses and limitations of break-even analysis.
UNIT IV
12. Define Monopoly. How price is determined under the Market Conditions?
Or
How are price and output decisions taken under oligopoly?
UNIT V
13. State different methods of measuring national income. Examine the
difficulties involved in them.
Or
What are the causes and consequences of business cycles?
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