wk12

APRIL 2013 60731/AKBEF/

ADE5A

Time : Three hours Maximum : 75 marks

PART A — (10 × 2 = 20 marks)

Answer any TEN questions each in 30 words.

All questions carry equal marks.

1. What do you mean by Managerial Economics?

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2. Define ‘Elasticity of demand’.

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3. What is Cost reduction?

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4. Define ‘Demand forecasting’.

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5. What is Fixed cost?

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6. Write any two characteristics of production

function.
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 wk12

7. What is Monopoly?
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8. Write any two features of perfect competition.

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CµsiøÚ GÊxP.

9. What is profit forecasting?

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10. Define ‘Break even point’.

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11. What do you mean by capital budgeting?

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12. State the characteristics of project.

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PART B — (5 × 5 = 25 marks)
Answer any FIVE questions in 200 words.
All questions carry equal marks.

13. Describe the role of Managerial economist.

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14. What are the factors influencing elasticity of

demand?
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2 60731/AKBEF/
ADE5A
 wk12

15. Explain the relationship between AC and MC

curves.
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÷PõkPÐUS Cøh÷¯²ÒÍ öuõhº¤øÚ ÂÍUSP.

16. What are the assumptions of Break even analysis?

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17. Explain the techniques of profit forecasting.

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18. Explain the features of monopoly.

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19. Describe the need for capital budgeting.

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ÂÁ›UP.

PART C — (3 × 10 = 30 marks)

Answer any THREE questions in 500 words.

All questions carry equal marks.

20. Discuss the nature and scope of Managerial

economics.
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©ØÖ® £µ¨ö£Àø»ø¯²® £ØÔ ÂÁõvUP.
3 60731/AKBEF/
ADE5A
 wk12

21. Explain the production function.

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22. How are pricing and output decisions made under

perfect competition?
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•iÄPÒ GÆÁõÖ ÷©ØöPõÒͨ£kQßÓÚ?

23. Narrate any five pricing methods in practice.

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•øÓPøÍ ÂÍUSP.

24. Describe the importance of capital budgeting.

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ÂÁ›UP.

———————

4 60731/AKBEF/
ADE5A