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Managerial Economics Questions Papers Pune University

MAY 2009 OLD

Instructions to the candidates:

1) Answer allY Five questions.

2) All questions carry equal marks.

3) Draw suitable diagrams wherever necessary.

QI) Describe the nature, scope and practical significance of Managerial Economics.

Q2) Describe fully the concept of price elasticity of demand.

Q3) State and explain the Law of Diminishing Marginal Returns.

Q4) a) What are the features of Oligopoly

b) Explain Innovation theory of profit.

Q5) What is cost Benefit Analysis? Explain the steps involved in it.

Q6) a) Can government intervention helps in controlling monopolies and regulating prices?

Support your answer.

b) Explain the term disinvestment with examples.

Q7) Write notes on (Any two):

a)         Significance of national income accounting.

b)          Consumption function.

c)          Objectives of demand forecasting.

d)         Need for planning in business.

MAY 2009 NEW

Instructions to the candidates:- .

1) Attempt any five questions.

2) All questions carry equal marks.

3) Draw suitable diagrams wherever necessary.

Ql) Define Managerial Economics. Explain its scope and importance for

managerial decisions

Q2) a) Explain the various determinants of demand.

b)  How is Price Elasticity measured?

Q3) State and explain the ‘Law of variable proportions’.

Q4) Show how price and output is determined under the conditions of

Perfect competition in the long run.

Q5) Explain cost plus pricing and marginal cost pricing.

Q6) a) What are the different steps involved in project evaluation?

b) Justify the need for Government Intervention in market.

Q7) Write short notes on any two of the following:

a) Static and Dynamics.

b) Break-Even Analysis.

c) Price Discrimination.

d)  Support Price.

DECEMBER 2008

Instructions to the candidates:

I) Answer to Q.I is compulsory.

2) Answer any two questions from each section.

3)  Draw suitable diagrams wherever necessary.

4)  Figures to the right indicate full marks.

Q. I) Explain with examples, the economic principles underlying the managerial

decisions.                                                                                            [10]

SECTION – I

Q. 2) Why there is need for Demand Forecasting? Explain any two methods of

demand forecasting for the established product.                          [15]

Q. 3) Define ‘Production Function’. Explain with diagram, the three stages of the   Law of Variable Proportions.                                                        [15]

Q. 4) How is price and output determination under monopoly different from that  under perfect competition?                                                          [15]

Q. 5) Explain the following pricing strategies: –                                            [15]

a) Cost Plus Pricing.

b) Penetration Pricing.

SECTION – II

Q. 6) what is ‘Capital Budgeting’? Describe the steps involved in project

Evaluation                                                                                           (15]

Q. 7) Justify the need for Government Intervention in the working of market. In  what ways, can Government intervene?                                             [15]

Q. 8) Discuss the various methods of investment appraisal?                 [15)

Q. 9) Write notes on any two of the following:

a) Concept of optimisation.

b) Exceptions to the law of supply.

c) Methods of cost control.

d) Product Differentiation.

MAY 2008

Instructions to the candidates:

1) Answer to question No.1 is compulsory which carries 10 marks.

2) Attempt any 4 of the remaining questions that carry 15 marks each.

3) Draw suitable diagrams wherever necessary.

 

Ql)  Which economic concepts can be used by managers in taking various business

decisions.

OR

Justify the need for government intervention in the economy.

Q2)  Why does the normal demand curve slope downwards? Can there be an

upward rising demand curve? Explain with examples.

Q3)  Define production function. State and explain the ‘Law of Diminishing

Marginal Returns’

Q4)    Explain the classification of market on the basis of degree of competition.

Q5)   What is ‘Cost benefit analysis’? Justify its use in the implementation of

developmental proj ects.

Q6)    a) Explain the terms ‘Support price’ and ‘Administered price’.

b) How consumer’s interest can be protected?

Q 7) Write notes on any two:

a) Methods of measuring price elasticity of demand.

b) Exceptions to the Law of Supply.

c) Significance of National Income Accounting.

d) Innovation theory of profit.

MAY 2007

Instructions:

1)       Question No.1 Compulsory which carries 10 marks.

2)       Attempt any four questions from the remaining that carry 15 marks each.

3)       Draw Suitable diagram whenever necessary.

Q1)    Define ‘Managerial Economics’. Discuss its nature and scope.

OR

Discuss the factors affecting Price elasticity of demand with the help of suitable examples.

Q2)    Why is demand forecasting essential? Explain the different techniques of survey method.

Q3)    State and explain the theory of Law Of Variable Proportions.

Q4)    Distinguish between perfect competition and imperfect competition.

Q5)    What do you understand by ‘cost Benefit Analysis’? Discuss the steps involved in it.

Q6)    Distinguish between GDP & NDP. Describe the various method of measuring National Income.

Q7) Write Short Notes on (Any Three)

a)                 Pricing in Public sector Undertaking(PSUs)

b)                  Disinvestment.

c)                  Innovation Theory of Profit.

d)                 Long run average cost curve (LRAC).

MAY 2006

Instruction to the candidates:

1)     Answer to Q.1 is compulsory & carries 10 marks.

2)     Answer any 2 from each section and the question carry 15 marks each.

3)     Draw neat diagrams wherever necessary.

SECTION-I

Q-1) How would you apply the knowledge of Economics to the managerial decision  making ?

Q-2) Explain the relationship between price and quantity demanded of a commodity.

Q-3) What are the determinants of supply ? Explain the concept of elasticity of

supply.

Q-4) Briefly review the theories of profit.

Q-5) Write notes on Any 2:

a) Variations in demand and changes in demand.

b) The stage of decreasing returns.

c) Significance of price elasticity of demand.

d) Short term costs.

SECTION-II

Q-6) Distinguish between perfect competition and monopoly.

Q-7) What is Cost- Benefit –Analysis ? Describe the steps and use of the concept

Q-8) a) Explain pricing methods of public sector.

b) Why consumer’s interest should be protected and how?

Q-9) Write notes on any 2:

a) Features of co- operative form of organization.

b) Need for government’s intervention in the economy.

c) Importance of national income accounting.

d) Investment function.

 MAY 2006 OLD

Instruction to the candidates:

1)     Answer any four question.

2)     All questions carry equal marks.

Q-1) Explain the price and macro economic approaches to the study of Economics.

Q-2) Describe the price and demand relationship with suitable examples.

Q-3) Sate and explain the Law of diminishing marginal utility.

Q-4) Describe the three stages of the Law of variable proportions with diagram.

Q-5) What is meant by ‘Monopolistic Competition’? Give its features with examples.

Q-6) Why the Modern theory of rent is superior to the classical theory of rent?

Q-7) Explain the concepts:

a) Minimum wage.

b) Product differentiation.

Q-8) Write notes on any 2 :

a) Exceptions to the Law of supply.

b) Features of oligopoly.

c) Input-output analysis.

d) Cost-plus pricing.

OCTOBER 2006

Instructions:

1)     Answer any 3 questions from Section I and 2 questions from Section II.

2)     All questions carry 14 marks each.

3)     Draw suitable diagrams wherever required.

SECTION –I

Q-1) Define ‘Managerial Economics’ Describe its scope and practical significance.

 

Q-2 Explain fully the concept of ‘price elasticity of demand’.

 

Q-3) State and explain the Law of Variable Proportions.

 

Q-4) a) What is cost function? Explain the cost concepts-TC,AC,MC.

b) Describe the characteristics of profit as a factor reward.

 

Q-5) Show how a monopoly firm reaches it equilibrium in the short run with the help

of MR and MC curves.

 

SECTION -II

Q-6) Why government declares support prices and administered prices?

 

Q-7 a) What is economic liberalization?

 

b) How consumer’s interest can be protected?

 

Q-8) Define GNP and NNP and discuss the methods and difficulties in national

income accounting.

 

Q-9) Write notes on any 2:

a) features of Oligopoly.

b) Justification for the use of cost-benefit-analysis.

c) Disinvestment in the public sector.

d) Consumption function.

MAY 2005

 

Instruction :

5)     Answer any two questions from both the sections.

6)     All questions carry equal marks.

7)     Draw neat diagrams wherever necessary.

SECTION-I

Q-1) What is Managerial Economics? Discuss its scope and importance.

Q-2) Why ‘joint stock company’ form of business organization is popular?

 

Q-3) What is demand forecasting? Describe any 2 methods and objectives of demand forecasting.

 

Q-4) Write notes on any two:

a) Nature of micro economics.

b) Non profit organizations.

c) Law of Supply.

d) Break-even analysis.

 

SECTION-II

Q-5) State and explain the Law of Variable proportions.

Q-6) Show how a monopoly firm reaches its equilibrium in the long run.

Q-7) What are the steps involved in Cost- Benefit Analysis? Are thre any short comings of this method?

 

Q-8) Write notes on any two:

a) Product differentiation.

b) Administered prices and support prices.

c) Private gods Vs Public goods.

d) Protection of consumer’s interest.

OCTOBER 2005

Instruction to the candidates:

4)     Answer to Q1. is compulsory which carries 10 marks

5)     Attempt any 4 questions from the remaining that carry 15 marks each.

6)     Draw suitable diagrams wherever necessary.

Q-1)    Explain the nature and signigicance of ‘Managerial Economics’. How is it

related to Macro Economics ?

OR

What is ‘Demand Forecasting’? What are its objective and types?

Q-2)    Explain fully the concept of ‘Price Elasticity of Demand’.

Q-3)    Explain the terms T.C.,A.C. and M.C. with examples. Why does the long run

A.C. curve is saucer shaped?

Q-4)    Give the classification of market on the basis of degree of competition.

Q-5)    What is ‘Cost Benefit Analysis’? Describe the steps involved in it and its

limitations.

Q-6)    a) How does Government control monopoly?

b) What are the advantage and disadvanatages of Economic Liberalisation?

Q-7)    Write notes on any Two:

a)  Dynamic Theory of Profit.

b)  Private Vs. Public Goods.

c)  Exceptions to the ‘Law of Supply’.

d)  Difficulties in the National Income Estimate.

 

APRIL 2012

Total No. of Questions : 7  Total No. of Pages : 1

Subject Code – 103

Department: M.B.A.

Pattern: 2008

Semester – I

Time :3 Hours Max. Marks :70

Instructions to the candidates:-

1) Attempt any 5 questions.

2) All questions carry equal marks.

3) Draw suitable diagrams wherever necessary.

Q1) Define Managerial Economics. Which economic concepts are useful in decision making for the managers.

Q2) What is Demand Forecasting? Explain the objectives and any two methods
with their limitations.

Q3) Define production Function. Explain the three types of Returns to scale.

Q4) Compare the price and output determination under the conditions of perfect competition and monopoly in the long run with the help of MR and MC
curves.

Q5) Explain the need and steps involved in project evaluation.

Q6) What is Profit? Recommend a suitable profit policy for a well established
firm. Justify your answer.

Q7) Write short notes (any two) :

a) Opportunity cost

b) Elasticity of supply

c) Price skimming

d) Cartel

OCTOBER 2011 (2008 Pattern)

1,) Attempt any 5 questions. 2) .411 questions cam’ equal maths. 3) Draw suitable diagrams wherever necessary.
Q1) Define managerial economics which micro and macro economic concepts are useful for the managers. Q2) Explain the price – demand relationship with suitable examples. Q3) Define ‘Production Function’. Explain the internal and external economics. Q4) Explain the term monopolistic competition’ describe its features with suitable examples. Show how short – run equilibrium o f a firm is reached.
Q5) a) Distinguish between Accounting costs and Economic costs. b) Explain Break Even Analysis.
Q6) Describe the cost-plus pricing and penetration pricing methods with suitable examples. Q7) Write notes on any two :- a) Variation and changes in supply. b) Price discrimination. c) Discounted cash flow method. d) Need for Government Intervention.

OCTOBER 2010

Instructions to the candidates: 0 Attempt any 5 questions. 2) All questions carry equal marA.s. 3) Draw diagrams wherever necessary.
Q1) Define • Managerial Economics’. Explain it’s nature & Scope. (‘2) Why is Joint stock company form of Business organisation popular? (‘3) Explain concept of ‘Price Elasticity of Demand’ with reference to types, methods and practical use. (‘4) Explain ‘Law of variable Proportions’ with example.
(‘S) How pric e and output is determined in short run and long run under conditions of perfect competition?
(‘6) What is ‘Cost Benefit Analysis’? Explain steps and justification fin the use of cost benefit analysis.
(‘7) Write short notes (any 2). a) Break – Even Analysis. b) Difficulties encountered in National Income accounting. c) Exceptions to the Law of supply. d) Need for demand forecasting.

APRIL 2010

Total No. of Questions : 7] [Total No. of Page : 1
[3775]-103
M.B.A.
(103) : MANAGERIAL ECONOMICS
(Sem. – I) (2008 Pattern) (New)
Time : 3 Hours] [Max. Marks : 70
Instructions :
1) Attempt any FIVE questions.
2) All questions carry equal marks.
3) Draw suitable diagrams wherever necessary.
Q1) Which economic decisions taken by the managers are based on economic
concepts?
Q2) ‘Relationship between price and demand for a commodity can be inverse as
well as direct’. – Explain.
Q3) Why increasing, decreasing and negative returns to scale are experienced?
Q4) Compare the short run and long run equilibrium of a monopoly firm by
stating the conditions of equilibrium.
Q5) Explain any two pricing methods.
Q6) a) What is product differentiation?
b) Explain income elasticity of demand.
Q7) Write notes on any two :
a) Exceptions the law of supply.
b) Cast forecasting.
c) Capital budgeting.
d) Need for government intervention in the market.

OCTOBER 2009

Instructions to the candidates:
Q7)
I) Atte,* any Five questions. 2) All questions carry equal marks. 3) Draw. suitable diagrams wherever necessarit
“Managerial economics is both Micro and Macro-. Discuss.
Q1) Q2) Explain the inverse relationship between price and demand. Can there be direct relationship?
Q3) Q4) Q5) Q6) What is Cost Benefit Analysis? Explain steps & justification for the use of cost benefit analysis.
Explain Law of variable Proportions, with three stages. Review different theories of profit. Explain the short-run equilibrium of a perfectly competitive firm.
Write notes on any Two of the following : a) Support prices and administered prices. b) Difficulties encountered in National Income Accounting. c) Exceptions to the Law of Supply. d) Consumer Protection.

MAY 2009 OLD

Instructions to the candidates:

1) Answer allY Five questions.

2) All questions carry equal marks.

3) Draw suitable diagrams wherever necessary.

QI) Describe the nature, scope and practical significance of Managerial Economics.

Q2) Describe fully the concept of price elasticity of demand.

Q3) State and explain the Law of Diminishing Marginal Returns.

Q4) a) What are the features of Oligopoly

b) Explain Innovation theory of profit.

Q5) What is cost Benefit Analysis? Explain the steps involved in it.

 

Q6) a) Can government intervention helps in controlling monopolies and regulating prices?

Support your answer.

b) Explain the term disinvestment with examples.

 

Q7) Write notes on (Any two):

a) Significance of national income accounting.

b) Consumption function.

c) Objectives of demand forecasting.

d) Need for planning in business.

MAY 2009 NEW

Instructions to the candidates:- .

1) Attempt any five questions.

2) All questions carry equal marks.

3) Draw suitable diagrams wherever necessary.

Ql) Define Managerial Economics. Explain its scope and importance for

managerial decisions

Q2) a) Explain the various determinants of demand.

b) How is Price Elasticity measured?

Q3) State and explain the ‘Law of variable proportions’.

Q4) Show how price and output is determined under the conditions of

Perfect competition in the long run.

Q5) Explain cost plus pricing and marginal cost pricing.

Q6) a) What are the different steps involved in project evaluation?

b) Justify the need for Government Intervention in market.

Q7) Write short notes on any two of the following:

a) Static and Dynamics.

b) Break-Even Analysis.

c) Price Discrimination.

d) Support Price.

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