Exam Details
| Subject | managerial economics – i | |
| Paper | ||
| Exam / Course | m.com. | |
| Department | ||
| Organization | solapur university | |
| Position | ||
| Exam Date | October, 2018 | |
| City, State | maharashtra, solapur |
Question Paper
M.Com. (Semester (CBCS) Examination Nov/Dec-2018
MANAGERIAL ECONOMICS I
Time: 2½ Hours Max. Marks: 70
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Draw diagrams if necessary.
Q.1 Choose the correct alternatives: 14
Large number of firms is an important feature of market.
Monopoly Oligopoly
Monopolistic None of these
The subject Managerial Economics is associated with economist.
Prof. Keynes Prof. Schumpeter
Joel Dean None of these
A monopolistically competitive firm in short-run equilibrium:
Will make negative profit Will make zero profit
Will make positive profit Any of the above is possible
Total cost of production is the combination of fixed cost of production and
Marginal cost of production Variable cost of production
Average cost of production None of these
What is the point elasticity of demand?
Upper Segment
Lower Segment
Middle Segment
Lower Segment
Lower Segment
Upper Segment
Middle Segment
Upper Segment
Which one curve is horizontal to X axis
TVC MC
AVC TFC
A break even chart is device which shows the relationship between cost
value and of a firm.
Average Revenue Profit
Sale None of these
A firm is in equilibrium where MC is equal to
AC MR
AR None of these
Match I list to the II list
List I List II
Wealth of Nation Paul M. Sweezy
ii) Break-Even Point Alfred Marshall
iii) Kinky Demand Curve Joel Dean
iv) Elasticity of Demand Adam Smith
i ii iii iv d i ii iii iv b
i ii iii iv b i ii iii iv a
Page 2 of 2
SLR-CZ-2
10) Which one is not characteristic of Monopolistic completion?
Product Differentiation
Homogenous Product
Large numbers of the seller
Downward sloping Demand Curve
11) Homogenous commodity is an important feature of market.
Oligopoly Monopoly
Monopolistic None of these
12) What is characteristic of demand curve?
Horizontal to X axis Vertical to Y axis
Upward Slopping Downward Slopping
13) Quantity demanded change from 100 units to 80 units of product. When
price of product has change from 5 rupees to 10 then find the price
elasticity of demand.
1 0
14) What are important determinant of elasticity of demand?
Price of the Commodity Income of the consumer
Price of the relative commodity All the above
Q.2 Write short answers any two. 14
State the features of perfect competition
Explain the types of income elasticity of demand.
Given the following total cost and revenue
TC 80000 50Q
TR 90Q
Find the Break-Even Point
ii) Present Break-Even Point through graph
Q.3 Write short note any two of the following. 14
Cournot Duopoly Model
Scope of the Managerial Economics
Kinky Demand curve
Q.4 Answer any one of the following questions: 14
What is mean perfect competition? Explain important characteristics of
perfect competition, long-run price determination under perfect
competition.
Explain the meaning and assumptions of Break-Even Analysis through the
appropriate graph, When selling price of the product is increases?
Q.5 Answer any one of the following questions: 14
Define the price elasticity of demand. What are the factors determine it?
Explain.
Explain the nature and functions of Managerial Economics.
MANAGERIAL ECONOMICS I
Time: 2½ Hours Max. Marks: 70
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Draw diagrams if necessary.
Q.1 Choose the correct alternatives: 14
Large number of firms is an important feature of market.
Monopoly Oligopoly
Monopolistic None of these
The subject Managerial Economics is associated with economist.
Prof. Keynes Prof. Schumpeter
Joel Dean None of these
A monopolistically competitive firm in short-run equilibrium:
Will make negative profit Will make zero profit
Will make positive profit Any of the above is possible
Total cost of production is the combination of fixed cost of production and
Marginal cost of production Variable cost of production
Average cost of production None of these
What is the point elasticity of demand?
Upper Segment
Lower Segment
Middle Segment
Lower Segment
Lower Segment
Upper Segment
Middle Segment
Upper Segment
Which one curve is horizontal to X axis
TVC MC
AVC TFC
A break even chart is device which shows the relationship between cost
value and of a firm.
Average Revenue Profit
Sale None of these
A firm is in equilibrium where MC is equal to
AC MR
AR None of these
Match I list to the II list
List I List II
Wealth of Nation Paul M. Sweezy
ii) Break-Even Point Alfred Marshall
iii) Kinky Demand Curve Joel Dean
iv) Elasticity of Demand Adam Smith
i ii iii iv d i ii iii iv b
i ii iii iv b i ii iii iv a
Page 2 of 2
SLR-CZ-2
10) Which one is not characteristic of Monopolistic completion?
Product Differentiation
Homogenous Product
Large numbers of the seller
Downward sloping Demand Curve
11) Homogenous commodity is an important feature of market.
Oligopoly Monopoly
Monopolistic None of these
12) What is characteristic of demand curve?
Horizontal to X axis Vertical to Y axis
Upward Slopping Downward Slopping
13) Quantity demanded change from 100 units to 80 units of product. When
price of product has change from 5 rupees to 10 then find the price
elasticity of demand.
1 0
14) What are important determinant of elasticity of demand?
Price of the Commodity Income of the consumer
Price of the relative commodity All the above
Q.2 Write short answers any two. 14
State the features of perfect competition
Explain the types of income elasticity of demand.
Given the following total cost and revenue
TC 80000 50Q
TR 90Q
Find the Break-Even Point
ii) Present Break-Even Point through graph
Q.3 Write short note any two of the following. 14
Cournot Duopoly Model
Scope of the Managerial Economics
Kinky Demand curve
Q.4 Answer any one of the following questions: 14
What is mean perfect competition? Explain important characteristics of
perfect competition, long-run price determination under perfect
competition.
Explain the meaning and assumptions of Break-Even Analysis through the
appropriate graph, When selling price of the product is increases?
Q.5 Answer any one of the following questions: 14
Define the price elasticity of demand. What are the factors determine it?
Explain.
Explain the nature and functions of Managerial Economics.
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