Managerial Economics : 2017
Section - A

Note : Attempt any four questions. Each question carries 8 marks.

Q.1 What is the significance of managerial economics?

Q.2      What do you understand by price discrimination under what conditions price is crimination is possible?

Q.3 Define Marginal Propensity to Consume (MPC).

Q.4 Explain how managerial economics helps to solve central economic problems of an economy?

Q.5 Explain demand curve and the determinants of demand.

Q.6 Explain production function, with its type.

Q.7 What do you mean by short run and long run cost?

Q.8 Explain circular flow of income with four sector model.

Section - B

Note . Attempt any three questions. Each question carries 16 marks.

Q.9 What are the instruments of monetary policy to control inflation.

Q.10 Analyze critically various methods of demand forecasting.

Q.11 Firms under perfect competition is a price taker and not a price maker explain by giving suitable example.

Q.12 What is National Income? Write down all the three methods to calculate it?

Q.13 Write short notes on :

(a)                 G.D.P.

(b)                Consumption function

(c)                 Inflation

(d)                Demonetization