Printed Pages : 7 Roll No.....................

MC/Sem II/188

M.Com. (Semester II)

Examination, 2014-15
Commerce
Paper : MCO-421
Theory of the Firm
Time : Three Hours Full Marks : 70
(Write your Roll No. at the top immediately on the
receipt of this question paper)
Note: Answer all the questions. All questions carry
equal marks.
lHkh iz'uksa ds mRrj nhft,A lHkh iz'uksa ds vad
leku gSaA

1. What do you mean by monopolistic competition ?

How is the equilibrium of a firm is determind
during short run under monopolistic
competition ?
,dkf/kdkjh iz f r;ks f xrk ls vki D;k le>rs gS a \
,dkf/kdkjh izfr;ksfxrk esa vYidky ds vUrxZr dher
dk fu/kkZj.k dSls gksrk gS \

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MC/Sem II/188 MC/Sem II/188

OR Show the PERT network for the project and

identify the critical activities.
vFkok
ifj;ks t uk ds iVZ iz l kj vkS j mlds leh{kkRed
What is meant by oligopoly ? What factors lead xfrfof/k;ksa dks fn[kkb,A
to the emergence of oligopoly ? Discuss sweezys
version of kinked demand curve theory.
vYikf/kdkj ls D;k vfHkizk; gS \ fdu dkjdksa ls
vYikf/kdkj dk mn~Hko gksrk gS \ fLot+h dh fodqafpr
ekax oØ fl)kUr dh O;k[;k dhft,A

2. What is incremental cost pricing ? Point out

the important factors that affect pricing policy.
o`f) ykxr ewY; fu/kkZj.k D;k gS \ ewY; fu/kkZj.k uhfr
dks izHkkfor djus okys egRoiw.kZ dkjdksa dks baafxr
dhft,A
OR
vFkok
Explain advantages and disadvantages of the
following :
fuEufyf[kr ds ykHk o gkfu dh O;k[;k dhft, %
(a) Cost based pricing policy
dher ij vk/kkfjr ewY; fu/kkZj.k uhfr
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MC/Sem II/188 MC/Sem II/188

OR (b) Differential pricing

vFkok
foHksnkRed ewY; fu/kkZj.k
A project consists of nine activities whose time
estimates (in weeks) are given below : 3. Explain the various methods that are suggested
,d ifj;kstuk ukS xfrfof/k;ksa ls fufgr gSa ftudk le; for managing risk in capital budgeting .
vkdyu ¼g¶rksa esa½ uhps fn;k x;k gS %
Activity Preceding Time Eatimates (weeks)
iw¡th ctfVax esa tksf[ke izcU/ku dks fofHkUu fof/k;ksa dh
Activities le; vuqeku ¼lIrkg½ O;k[;k dhft,A
fØ;k iw o Z o rhZ fØ;k OR
Most Most likely Pessimistic
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Optimistic

loks Z R revk'kkoknh loks Z R re la d k;Z fujk'kkoknh Write short notes on two of the following :
A – 2 4 6 fuEufyf[kr esa ls fdUgha nks ij laf{kIr fVIif.k;k¡ fyf[k;s %
B – 6 6 6
(a) Profitability index
C – 6 12 24
ykHknk;rk lwpdkad
D A 2 5 8

E A 11 14 23 (b) Time-adjusted rate of return

F B, D 8 10 12 izR;k; ij le; lek;ksftr nj

G B, D 3 6 9
(c) Capital rationing
H C, F 9 15 27
iw¡th jk'kfuax
I E 4 10 16
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MC/Sem II/188 MC/Sem II/188

4. Distinguish between Gross profit and Net Variable cost per unit :
profit. To what extent is profit a reward for vfLFkj ykxr izfr bdkbZ
uncertainty and risk beariag ?
Direct Material = Rs. 5
ldy ykHk vkSj 'kq) ykHk esa vUrj dhft,A fdl lhek izR;{k eky =5 #i;s
rd ykHk vfuf'prrk vkSj tksf[ke dk iqjLdkj gS \
Direct Labour = Rs.2
OR
izR;{k etnwjh =2 #i;s
vFkok
Direct Overheads = 100% of Direct labour
From the following data, calculate :
izR;{k vfrfjDr [kpZ = izR;{k etnwjh dk 100%
fuEufyf[kr vkadM+ksa ls x.kuk dhft, %
Selling price per unit = Rs. 12
(i) P/V ratio.
fcØh ewY; izfr bdkbZ = 12 #i;s
P/V vuqikr
5. "Linear Programming is one of the most
(ii) Break-even sales with the help of p/V
frequently and successfully used operations
ratio.
research technique to managerial and
P/V vuqikr dh enn ls le&fo{ksn fcØh business decisions". Elucidate this statement
(iii)Sales required to earn a profit of Rs. 4,50,000. with some examples.
4,50,000 #i;s dk ykHk vftZr djus ds fy, ^^izcU/kdh; o O;kikfjd fu.kZ; ysus ds fy, js[kh;
visf{kr fcØhA dk;Zjpuk lapkyu 'kks/k dh lcls lQy o izk;% iz;qDr
Fixed expenses = Rs. 90,000 dh tkus okyh rduhd gSA** bl dFku dh dqN mnkgj.kksa
lfgr O;k[;k dhft,A
fLFkj ykxr 90,000 #i;s
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