(Pages 1209
P.T.O.
MAR IVANIOS COLLEGE (AUTONOMOUS)
THIRUVANANTHAPURAM
Reg. No. :.………………… Name :.………………….
First Semester B.Com. Degree Examination, November 2016
First Degree Programme under CBCSS
Complementary Course (for Commerce)
AUCO131: Managerial Economics
for 2015 Admissions Only
Time: 3 Hours Max. Marks: 80
SECTION A
Answer ALL questions in one or two sentences.
1. What is demand in economics
2. What do you mean by production function
3. What is demand Schedule
4. What is Arc elasticity
5. Define business cycle
6. What is meant by Giffen Paradox
7. What is penetration pricing
8. What do you mean by first law of market
9. What do you mean by End use method of forecasting
10. Managerial economics is both a science and an art. Explain
(10 1 10 Marks)
SECTION B
Answer any EIGHT questions, each in a short paragraph not exceeding 50 words.
11. What is the role of Cost in pricing
12. What is cross demand
13. What are the external factors affecting pricing decision
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14. Explain the principle of opportunity cost
15. What are the responsibilities of a managerial economist
16. What is Iso Cost Curve
17. What are the methods of forecasting the demand of a new product
18. Explain the extension and contraction of demand
19. Distinguish between explicit and implicit cost
20. What do you mean by the law of return to scale
21. Explain the Cobb Douglas production function
22. What do you mean by fixed and variable inputs
2 16 Marks)
SECTION C
Answer any SIX questions, each in a paragraph not exceeding 120 words.
23. Define Managerial Economics. Explain the characteristics of managerial economics
24. Explain the degrees of price elasticity
25. Define Decision making. What are the steps in decision making
26. What do you mean by demand curve Why demand curve slope downwards
27. Describe the various phases of a business cycle
28. What are the chief properties of isoquants
29. State and illustrate the law of variable proportion
30. Discuss the formal measures of controlling business cycle.
31. Differentiate between perfect competition and monopoly.
4 24 Marks)
SECTION D
Answer any TWO questions, not exceeding four pages.
32. Define Law of Demand. Discuss the determinants of consumer demand and market demand.
33. Mention the important methods of pricing with advantages and disadvantages of each.
34. Explain the various economies and diseconomies of scale of operation.
35. What are the various kinds of markets on the basis of competition
15 30 Marks)