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RAKSHPAL BAHADUR MANAGEMENT INSTITUTE, GREATER NOIDA Subject Code: NMBA-102 (Roll No to be filled in your question paper also) ROLL NO: __________________________ MBA- 1st Semester (Odd Semester) First Sessional Examination – 2014 Subject: Managerial Economics Time: 90 Minute Note: (1) Attempt all Questions (2) Marks are indicated against questions. MM: 30 Section A Q1) Attempt any three questions a) b) c) d) (3*2=6) Define Managerial Economics. What is an opportunity cost? What is income Demand? What is Demand function? Section B Q2) Attempt any two question: a) Discuss the fundamental principle of Managerial economics. b) What are the factors, which determine the demand of a commodity? Explain. c) What are the various alternative objective of a business firm? (4.5*2=9) Section C Attempt all questions: ( 3*5=15) Q3) Discuss the nature and scope of Managerial economics. OR Explain the role and responsibilities of Managerial economist. Q4) Explain significance of Managerial Economics in business decision making.? OR “Managerial economics bridges the gap between economic theory and business practice”. Explain with example. Q5) Explain the Law of Demand. What are the causes of its operation? Explain its exceptions. OR Write short note on: i) Substitute goods; ii) Demand curve; iii) change in demand. RAKSHPAL BAHADUR MANAGEMENT INSTITUTE, GREATER NOIDA Subject Code: PGDM-102 (Roll No to be filled in your question paper also) ROLL NO: __________________________ PGDM- 1st Semester (Odd Semester) First Sessional Examination – 2014 Subject: Managerial Economics Time: 90 Minute Note: (1) Attempt all Questions (2) Marks are indicated against questions. MM: 30 Section A Q1) Attempt any three questions e) f) g) h) (3*2=6) Define Managerial Economics. What is an opportunity cost? What is income Demand? What is Demand function? Section B Q2) Attempt any two question: a) Discuss the fundamental principle of Managerial economics. b) What are the factors, which determine the demand of a commodity? Explain. c) What are the various alternative objective of a business firm? (4.5*2=9) Section C Attempt all questions: ( 3*5=15) Q3) Discuss the nature and scope of Managerial economics. OR Explain the role and responsibilities of Managerial economist. Q4) Explain significance of Managerial Economics in business decision making.? OR “Managerial economics bridges the gap between economic theory and business practice”. Explain with example. Q5) Explain the Law of Demand. What are the causes of its operation? Explain its exceptions. OR Write short note on: i) Substitute goods; ii) Demand curve; iii) change in demand.