DISTANCE EDUCATION
M.B.A. (Tourism) DEGREE EXAMINATION, MAY 2018.
First Semester
MANAGERIAL ECONOMICS
(Upto 2012-13 Academic Year and 2013 Calendar Year)
Time Three hours Maximum 100 marks
SECTION A — x 8 40 marks)
Answer any FIVE questions.
1. What do you understand by Adam Smith's wealth
definition of economics? Explain.
2. Discuss the role of a managerial economist in managerial
decision-making.
3. Define demand in economics and bring out the distinction
between individual and market demand.
4. Explain the law of demand and bring out its importance.
5. Write a note on linear homogenous production function.
6. Explain the various techniques used for cost reduction.
7. Define profit and bring out the difference between gross
profit and net profit.
8. Write short note on National Income.
Sub. Code
13
DE-3952
2
wk10
SECTION B — x 15 60 marks)
Answer any FOUR questions.
9. Briefly explain the relation of managerial economics to
other disciplines also explain the methods applied in the
study of managerial economics.
10. Explain the factors determining demand for a product
also explain the concept of change in demand.
11. Explain the cost-output relationship with the help of a
suitable diagram.
12. Briefly explain the cost control and its techniques.
13. Discuss briefly out various pricing methods.
14. Describe about profit maximization.
15. Briefly explain the concept of inflation and deflation.
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