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23437 Roll No.

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No. of Pages
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Total No. of Questions : 17

MBA (2018 Batch) (Sem.–1)
23437 23437 23437 MANAGERIAL
23437 23437 ECONOMICS
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Subject Code : MBA-102-18

Paper ID : [75403]
23437 Time : 3 Hrs.
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INSTRUCTIONS TO CANDIDATES :
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1.
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SECTION-A
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contains23437
EIGHT questions
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carrying T WO marks
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each and 23437
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students 23437
has to attempt ALL questions.
2. SECTIONS-B consists of FOUR Subsections : Units-I, II, III & IV. Each
Subsection contains T WO questions each carrying EIGHT marks each and
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student23437
has to attempt
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any ONE question
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from23437
each Subsection.
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3. SECTION-C is COMPULSORY and consist of ONE Case Study carrying T WELVE
marks.

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SECTION-A
o m 23437 23437 23437 23437

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Answer briefly :
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.r c23437 23437 23437 23437 23437
1.
2.
Define Demand.

p e
What is Cross Elasticity of Demand?
m
pa o
.r c
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3. Define Returns to Scale.

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4.
5. Define 23437 br
What is production function?
perfect market.23437 23437

p e
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6.
a
Differentiate between real interest rate and nominal interest rate.
p
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7.
8.
What is23437
psychological23437
law of consumption?
What is effective demand?
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br 23437 23437 23437 23437

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SECTION-B
UNIT-I
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9. Discuss the meaning and nature of managerial economics.
10. What is demand forecasting? What are the benefits of demand forecasting of a new
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product?
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UNIT-II
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11. Explain how the least cost combination of inputs can be achieved.
12. Describe relationship between total revenue, average revenue and marginal revenue.
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UNIT-III
13. What is perfect competition? Explain the conditions of equilibrium of firm under perfect
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14. Describe the main features of land as factor of production.

23437 23437 23437 23437 UNIT-IV

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15. Define national income. What are the difficulties in measuring national income?

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16.
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What is23437
inflation? Explain
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its causes.23437 23437 23437 23437 23437

SECTION-C
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17.
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Case Study :
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o m 23437 23437 23437 23437

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A recent 23437
example is the .r c
Food prices often rise or fall with good or bad harvests or because of a change in demand.
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price of Brazil nuts, which23437
by May this 23437
year had risen 23437
over 60% 23437

on European markets.
p e m
pa o
Part of the reason for the price rise has been on the demand side. Consumption of Brazil

.r c
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nuts has increased as more people switch to healthier diets. This includes the purchase of

br
the nuts themselves and as part of healthier snack foods. With supply being relatively

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inelastic, any rise in demand tends to have a relatively large effect on price.

p
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A more acute reason is on the supply side. There has been a very poor harvest of Brazil
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a
nuts. The nuts are grown largely in the Amazon basin which has been hit by drought
p
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increase again23437
as rainfall returns
br
linked to the El Nino effect. This, however, is only a temporary effect and future harvests
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patterns may change with the effects of global warming.
the longer term, rainfall
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Questions :
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a) Explain the supply conditions of Brazil nuts as discussed in the above case.
b) What determines the price of Brazil nuts?
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