A-3507 B.B.A. (Sem. I) (CBCS) Examination March / April - 2015 Managerial Economics - I Time : Hours] [Total Marks : 50 Instructions : Q@ Tala g Feilaell fad Great we mate anal Seat No lp strictly the detalla of g~ signs on your answar book Name ofthe Examination = [B.B.A. (SEM. 1) (CBCS) Name ofthe Subject ‘+ [MANAGERIAL ECONOMICS -1 «-Subjectcodono.| 3 |] 5 |] 0 |] 7 | Section No. (1,2.. nin Students Signature @) All questions are compulsory. (3) Figures to the right indicate full marks of each question. (4) Answer should be to the point and legible. (5) Draw the diagrams wherever necessary. () Clearly indicate the options you attempt. 1 Answer in brief: 10 (1) Mention any two functions of profit. @) State the definition of managerial economics given by Spencer and Siegelman. (3) What is equi-marginal principle? (4) State any four characteristics of monopolistic competition. () What is the difference between risk and uncertainty? What is managerial economics? Discuss the nature and 13 scope of managerial economics. OR 2 Discuss in detail the role and responsibilities of a 13 managerial economist. In what way will he best serve the management? A-3507] a [Contd...3 Explain and critically examine the Innovation theory of 13 profit as given by Prof. Joseph Schumpeter. OR (a) Discuss the features and causes of monopoly. 7 () Explain the price rigidity under oligopoly in terms of 6 kinky demand curve. Write short notes: (Any Two) 14 (1) Basic features of case method @) Decision making and forward, planning (8) Price discrimination (4) Economie profit and Accounting profit A-3507] 2 [ 1900 }