15P1MBA03

(For the candidates admitted from 2015 2016 onwards)

M.B.A DEGREE EXAMINATION
November / December - 2015
First Semester

MANAGERIAL ECONOMICS

Time: 3 Hours

Maximum: 75 Marks

Section A (10 2 = 20 marks)

Answer all Questions

1. Define Managerial Economics?

2. What is Opportunity Cost?
3. What is Elasticity of Demand and List out its types?
4. What is Consumer Equilibrium?
5. What is Production function?
6. What is MRTS?
7. What is Monopoly?
8. Define GDP?
9. What are the characteristics of Business cycle?
10. What is BOP?

Section B (4 10 = 40 Marks)
Answer any FOUR Questions
11. Briefly explain the five principles which are basic to the entire gamut of Managerial
Economics?
12. What is price elasticity of demand? How would you measure it? What is its significance
in business?
13. How do you find consumers equilibrium by using the indifference curve technique and
explain the properties of indifference curves?
14. Explain the cost-output relationship in the short run and in the long run
15. What is monopolistic competition? How does a firm take its pricing and output decisions
under monopolistic competition?
16. Explain various pricing methods and the objectives of pricing policy?
17. Explain the various methods of computing National income and narrate the practical
difficulties in the estimation of National income?

Section C (1 15 = 15 Marks)

15P1MBA03
Case Study Analysis (Compulsory)
19. Calculate TC, AFC, AVC, AC & MC and explore the relationship between AC and MC
Total
Output
TFC
TVC

60
0

60
20

60
30

60
45

60
80

60
135

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