GUG/W/18/10825 1 P.T.O
Master of Industrial Relations and Personal Management
(CBCS and Old Pattern) First Semester Old+CBCS
0786 PCI1F06-Paper-VI: Managerial Economics
P. Pages 1 GUG/W/18/10825
Time Three Hours Max. Marks 80

Notes 1. Attempt any five questions.
2. All questions carry equal marks.
1.
State the meaning and scope of managerial economics.
16
2.
Explain the relationship of managerial Economics with other disciplines.
16
3.
What is demand? Discuss the various exceptions to the law of demand.
16
4.
Explain the factors influencing elasticity of demand.
16
5.
How price is fixed in perfect competition? Explain.
16
6.
Discuss pricing under monopolistic competition.
16
7.
Illustrate short range and long range costs with suitable examples.
16
8.
Explain explicit and implicit cost in detail.
16
9.
Explain the various methods of computing National income.
16
10.
Write short notes on any two.
16
Private and Social cost.
ii) Past Future cost.
iii) Industrial Policies since, 1991.
iv) Average Marginal Profit.

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