576114(76) 1 676114¢76) M. B. A. (First Semester) Examination, Nov.-Dee, 2018 (New Scheme) (Management Branch) (Specialization : General) MANAGERIAL ECONOMICS (New) Time Allowed : Three hours Maximum Marks : 80 Minimum Pass Marks : 32 Note : All questions are compulsory and carry equal ‘morks. Internal choices have been provided. hitp://www.csvtuonline com 1. Explain briefly any three theories of profit. Also distinguish ‘between accountant’s concept of profit and economist’s concept of profits 576114076) / 67614(76) am Or “Managerial Bconomics is economics mpc! im decison making.” Disguss Define Elasticity of Demand. How are pric, income and ‘cross clasticties measured? Explain their role in business decisions. Or ‘State the law of supply. Explain what is mcant by shit in supply and change in supply How ace-the concepts of “returns to seale’ and etre to a factor’ different? itp://www.esvtuonline.com or Distinguish between the flowing (Fixed a variable costs Gi) Average and Marginal costs Gi Actua and Opportunity costs iv) Shor-run and Long-ean costs Discuss the short-run supply curve ofa firm and long-run, supply curve of an industry operating in & perfectly ‘competitive market situation {576114(76) / 6TONA7Oist o plain he allowing (Monopole competition i) Non-price competion 'S. Explain the concept of National Income. What are ithe ditferent methods of measuring Nationa Income? or \Wite short notes on: (any four) (Gor Btpy/wwrw-esvtuontne.com 6) twtson (wy wel (io) PL (6) Unemployment (i) Trade Cyele ttpuiwww.esvtuon! ‘Whatsapp @ 9300030012 ‘Your old paper & get 10 Paytm or Google Pay 1,030) 1611476 / 6761476)