Exam Details
| Subject | managerial economics | |
| Paper | ||
| Exam / Course | mba | |
| Department | ||
| Organization | Gujarat Technological University | |
| Position | ||
| Exam Date | December, 2018 | |
| City, State | gujarat, ahmedabad |
Question Paper
Seat No.: Enrolment No. GUJARAT TECHNOLOGICAL UNIVERSITY MBA (Integrated) SEMESTER-I • EXAMINATION WINTER 2018 Subject Code: 2517104 Date:28/12/2018 Subject Name: Managerial Economics(ME) Time:10:30 AM To 01:30 PM Total Marks: 70 Instructions: 1. Attempt all questions. 2. Make suitable assumptions wherever necessary. 3. Figures to the right indicate full marks.
Q.1 Explain briefly the nature and scope of managerial economics and 07 how these concepts are useful in managerial decision making process. Explain briefly the opportunity cost principle, time perspective and 07 discounting principle of managerial economics
Q.2 Explain the concept of consumers equilibrium through the law of 07 equi-marginal utility Explain the Law of Diminishing Marginal Rate of Substitution 07 OR Explain percentage method and total outlay method of measuring 07 price elasticity of demand
Q.3 Explain the theory of consumer surplus with the help of table and 07 diagram. Explain short run cost-output relationship with suitable table and 07 diagram OR Q.3 Explain MR-MC approach of producer's equilibrium under 07 conditions of perfect competition What is an isoquant? Explain any five properties of an isoquant 07 with diagrams 07
Q.4(a) Explain price-output determination of a firm and industry 07 during short-run under conditions of perfect competition. Explain internal economies and internal diseconomies of scale 07 OR
Q.4 Explain the characteristic features of monopolistic competition. 07 What is price discrimination? When is it possible and profitable? 07
Q.5 Explain the characteristic features of oligopoly 07 Explain briefly the objectives of pricing policy 07 OR
Q.5(a) Explain the pricing techniques used in pricing of a new product 07 What is selling cost? Selling cost changes the position and shape 07 of a demand curve. Explain
Q.1 Explain briefly the nature and scope of managerial economics and 07 how these concepts are useful in managerial decision making process. Explain briefly the opportunity cost principle, time perspective and 07 discounting principle of managerial economics
Q.2 Explain the concept of consumers equilibrium through the law of 07 equi-marginal utility Explain the Law of Diminishing Marginal Rate of Substitution 07 OR Explain percentage method and total outlay method of measuring 07 price elasticity of demand
Q.3 Explain the theory of consumer surplus with the help of table and 07 diagram. Explain short run cost-output relationship with suitable table and 07 diagram OR Q.3 Explain MR-MC approach of producer's equilibrium under 07 conditions of perfect competition What is an isoquant? Explain any five properties of an isoquant 07 with diagrams 07
Q.4(a) Explain price-output determination of a firm and industry 07 during short-run under conditions of perfect competition. Explain internal economies and internal diseconomies of scale 07 OR
Q.4 Explain the characteristic features of monopolistic competition. 07 What is price discrimination? When is it possible and profitable? 07
Q.5 Explain the characteristic features of oligopoly 07 Explain briefly the objectives of pricing policy 07 OR
Q.5(a) Explain the pricing techniques used in pricing of a new product 07 What is selling cost? Selling cost changes the position and shape 07 of a demand curve. Explain
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