onlineBU.com ‘onlineBU.com Roll No. ss ‘Total No. of Questions : 13] [Total No. of Printed Pages : 3 ‘onlineBU.com M.B.A, Ist Semester (FT) Examination, 2017 DN-123 MANAGERIAL ECONOMICS Paper : CP-103 Time :3 Hours} [Maximum Marks: 80 Section-A Not Attempt any four questions from this Section, Each ‘carries 8 marks, onlineBU.com == &x4=32 1. Why economics is relevant for managers ? 2. Briefly explain any vo of the following = (@) Inflation ©) Demonetization © GNP. onlineBU.com SY-123 ay Turn Over3. Discuss the objectives of fiscal policy and its role in any economy. onlineBU.com 4, Write short notes on (@) Production Funetion © GDP. 5. Define the concept of elasticity of demand and its impact on economy. onlineBU.com 6. Briefly discuss perfect competition and monopoly. 7. Explain the concepts of profit maximisation and sales maximisation, 8. Describe the law of Diminishing marginal utility Section-B Note i= Attempt any shree questions from this Section. Each carries 16 marks L6x3—48 9. Discuss various methods of measuring National Fcc onlineBU.com SY-123 (2) 10. What is meant by monetary policy ? Deseribe various instruments of monetary poly. onlineBU.com LL.Explain the relationship between marginal cost, average cost and total cost assuming a short-run cost function. Why a short run average cost curve is shaped? onlineBU.com 12, Write an essay on “Demand Forecasting’. 13. Pree of a commodity rises from & 100 to & 120 as a result demand for i falls trom 15000 units to 12000 unit of demand for . Calculate price elastic the commodity. Also throw light on “Types of Price elasticity’. onlineBU.com SY-123 (3)