M.Com. (Semester II) (CBCS) Examination Nov/Dec-2018
MANAGERIAL ECONOMICS (Comp. II)
Time: 2½ Hours Max. Marks: 70
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the correct alternatives form the given alternatives. 14
AC is the combination of AFC and
AMC AVC
MC None of these
In the competitive mark price is basically depend upon
Cost of Production Sale
Quantity None of these
Total cost of production is the combination of fixed cost and cost.
marginal variable
average none of these
In the period the shape of AC is just like English U.
short long
very long none of these
The net addition to the total cost by the production of last unit is called

AC MC
TC None of these
is the determinant of profit.
MC TC
AC None of these
According to trade cycles arise due monetary change in the economy.
Hawtrey Schumpeter
Keynes None of these
Use of inventions in production is called
Creation Innovation
Cost of Production None of these
The rate at which commercial banks take loans from central bank is called

Reppo rate Bank rate
Rate of interest None of these
10) Rise in the value of money is called
Deflation Inflation
Stagflation None of these
11) According to "Too much money chasing too few goods is called
inflation".
Crowther Hawtrey
Coulborn None of these
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12) According to "Trade cycle is purely monetary phenomenon".
Schumpeter Keynes
Hawtrey None of these
13) Sales maximization model is associated with economist.
Baumol Williamson
Keynes None of these
14) Support price is also known as price.
Market Sealling
Floor None of these
Q.2 Write short answer. 14
State the types of inflation.
State the FC, VC, TC.
Q.3 Write short notes. 14
Stagflation
Bank Rate
Q.4 Write short answers. (Any one) 14
"Trade cycle is a purely monetary phenomenon" Explain.
Explain Baumol's sales maximization model.
Q.5 Write short answers. (Any one) 14
Explain the relation between AC MC.
State the need of Government intervention in the market.