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RAJ KUMAR GOEL ENGINEERING COLLEGE

40 km stone, NH-24, Delhi-Hapur Road, Pilkhuwa, Ghaziabad- 245 304

MAKEOVER TEST (2011-12)

Engineering & Managerial Economics (EHU 501)


Branch & Year:CS/IT/ME/EC Maximum Time: 1.5 Hrs. IIIrd YR
Roll No:

MM- 60

Note: Question paper contains 3 parts. All parts are compulsory Q1.Attempt any two 10x2=20

a) How will you define diseconomies of scale? What are the diseconomies of scale that give decreasing returns to scale? b) Explain the relationship between short run average curve& marginal cost curve. Why are they U shaped? c) Write a short note on Opportunity cost & Money cost. Q2.Attempt any two 10x2=20

a) What are the salient features of oligopolistic competition? How is the price policy determined under it? b) Long run cost output relationship is an envelope of the family of shorty run cost curve. Explain c) Differentiate between monopolistic competition and perfect competition. Q3. Attempt any two 10x2=20

a) Distinguish between demand pull & cost push inflation. How inflation can be controlled.

b) What is business cycle & what are its various phases? c) Explain the concept of National income. Also explain the product methods of measurement of national income.

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