MP-102
June Examination 2017
Master of Business Administration I Year
Examination
Managerial Economics
Paper MP-102
Time 3 Hours Max. Marks 80
Note: The question paper is divided into three sections B and C. Write answers as per given instructions.
Section A 8 × 2 16
(Very Short Answer Questions)
Note: Answer all questions. As per the nature of the question delimit your answer in one word, one sentence or maximum upto 30 words. Each question carries 2 marks.
Give the answer of the following questions:
Define managerial economics.
Explain the meaning of zero income elasticity.
Write down the meaning of cost-plus pricing.
Define production functions.
132
MP-102 400 3 (P.T.O.)
MP-102 400 3 (Contd.)
132
What do you know about market?
What is the meaning of circular flow of income?
Define depression.
(viii) Explain about gross domestic product.
Section B 4 × 8 32
(Short Answer Questions)
Note: Answer any four questions. Each answer should not
exceed 200 words. Each question carries 8 marks.
Discuss the nature of managerial economics.
Explain the importance of elasticity of demand.
Describe the characteristics of perfect competition.
What do you know about international price discrimination?
Explain its legal issues.
Explain the objectives of a firm.
Discuss the socialist theory of profit.
Describe the monetary measures to check inflation.
What do you understand by economic development and
growth?
MP-102 400 3
132
Section C 2 × 16 32
(Long Answer Questions)
Note: Answer any two questions. You have to delimit your each
answer maximum upto 500 words. Each question carries
16 marks.
10) Define monopolistic competition. Explain its characteristics.
11) Critically examine the economic theory of a firm.
12) Discuss the importance of circular flow of income.
13) Explain the determinants of economic growth.