Exam Details
Subject | managerial economics (comp – i) | |
Paper | ||
Exam / Course | m.com. | |
Department | ||
Organization | solapur university | |
Position | ||
Exam Date | November, 2017 | |
City, State | maharashtra, solapur |
Question Paper
M.Com. (Semester (CBCS) Examination Oct/Nov-2017
MANAGERIAL ECONOMICS
Day Date: Thursday, 23-11-2017 Max. Marks: 70
Time: 02.30 PM to 05.00 PM
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the alternatives given below. 14
The sum of the returns of factors of production is called
Marginal cost Fixed cost
Cost of production None of these
MC curve cut AC curve where AC is
Minimum Maximum
Greater None of these
If change in demand is 20% and change in price then the elasticity of
demand is
01 05
1
5 None of these
Income elasticity of demand is generally related to country.
Advanced Un developed
Developing None of these
Product discrimination is an important feature of market.
Monopoly Perfect competition
Monopolistic competition None of these
Total cost of production is bellow to the B.E.P.
Lower Higher
Equal None of these
The concept breakeven point is useful to
Trader Producer
Speculator All
The cardinal concept of utility is developed by
Hicks Allen Keynes
Schumpeter None of these
The difference between the total sale proceeds and total cost is referred to as
Profit Average profit
Gross profit None of these
10) The ratio between change in demand and change in cost of production is
called
Price elasticity Income elasticity
Cross elasticity None of these
Page 2 of 2
SLR-CJ-12
11) A group of few producers is called market.
Oligopoly Monopolistic
Monopoly None of these
12) In the period the shape of AC is just like English U.
Long Short
Very long None of these
13) Use of inventions in production is called
Innovation Creation
Atomization None of these
14) is determinant of profit in the competitive market.
AR AC
MR None of these
Q.2 Write short answer. 14
Explain the features of perfect competition market.
Explain the types of Income elasticity of demand.
Q.3 Write short notes. 14
Importance of Break Even Point.
Cross elasticity of demand.
Q.4 Answer any one of the following questions. 14
Explain the role of managerial economics.
Explain the firm's equilibrium in monopolistic competition market in short
period.
Q.5 Answer any one of the following questions. 14
State the meaning and types of price elasticity of demand.
Discuss various alternative policies for profit maximization.
MANAGERIAL ECONOMICS
Day Date: Thursday, 23-11-2017 Max. Marks: 70
Time: 02.30 PM to 05.00 PM
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the alternatives given below. 14
The sum of the returns of factors of production is called
Marginal cost Fixed cost
Cost of production None of these
MC curve cut AC curve where AC is
Minimum Maximum
Greater None of these
If change in demand is 20% and change in price then the elasticity of
demand is
01 05
1
5 None of these
Income elasticity of demand is generally related to country.
Advanced Un developed
Developing None of these
Product discrimination is an important feature of market.
Monopoly Perfect competition
Monopolistic competition None of these
Total cost of production is bellow to the B.E.P.
Lower Higher
Equal None of these
The concept breakeven point is useful to
Trader Producer
Speculator All
The cardinal concept of utility is developed by
Hicks Allen Keynes
Schumpeter None of these
The difference between the total sale proceeds and total cost is referred to as
Profit Average profit
Gross profit None of these
10) The ratio between change in demand and change in cost of production is
called
Price elasticity Income elasticity
Cross elasticity None of these
Page 2 of 2
SLR-CJ-12
11) A group of few producers is called market.
Oligopoly Monopolistic
Monopoly None of these
12) In the period the shape of AC is just like English U.
Long Short
Very long None of these
13) Use of inventions in production is called
Innovation Creation
Atomization None of these
14) is determinant of profit in the competitive market.
AR AC
MR None of these
Q.2 Write short answer. 14
Explain the features of perfect competition market.
Explain the types of Income elasticity of demand.
Q.3 Write short notes. 14
Importance of Break Even Point.
Cross elasticity of demand.
Q.4 Answer any one of the following questions. 14
Explain the role of managerial economics.
Explain the firm's equilibrium in monopolistic competition market in short
period.
Q.5 Answer any one of the following questions. 14
State the meaning and types of price elasticity of demand.
Discuss various alternative policies for profit maximization.
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- advanced banking – iii
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