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First Semester MBA Degree Examination, Dec.2019/Jan.2020
Managerial Economics
“Time: 3 hrs. Max, Marks
Note: f. Answer any FOUR full questions from QI to Q7.
"2. Question No.8 ts compulsory.
1 a Define GDP.
1. Explain income elasticity of demand using a suitable examples.
‘e, Deseribe the nature and scope of managerial economies with ref
businesses
2a, Define oligopoly. (3 Maris)
List and explain te factors that affect demand in general. (01 Marts)
6 Anair-conditioner manufacturing company's sales recordgglt as
‘Year 2015 | 2016 | 2072018 | 2019
| Sales (im Rs. Crores) [25 | 30 65
‘Calculate the densand for air - conditioners for nege three a0 Marks)
3 a. State the Cobb-Douglas production function (oxmane)
Explain the law of demand and state its exc o
‘c._ Explain the types of price elasticity of (womans)
‘4 What is meant by rice ~dserimination? snr
b. Explain the law of diminishing ma (o7 Mr
Explain the following pricing app pricing ii) Product line pricing
i) Price skimming iv) Penetatio ‘eldership pricing
2 Any eveig of efonon apa value and egatons ino. $0, wil be tees malate
Important Noe: 1. On comping your sna, comple daw dng cso he nnn bk poe
5a, What i meant by increm
'b. Why is the average cost Explain,
©. Explain the concept of
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