No.

of Printed Pages : 4 MCO-021

MASTER OF COMMERCE (M.Com.)

Term-End Examination
June, 2022

MCO-021 : MANAGERIAL ECONOMICS

Time : 3 hours Maximum Marks : 100

Note : Attempt any five questions. All questions carry

equal marks.

1. ‘‘Managerial economics is economics applied in

decision-making.’’ Justify the statement with
suitable examples. 20

2. Discuss various determinants of demand with

the help of diagrams and examples. 20

3. Discuss with diagrams and examples the ‘‘Law

of Diminishing Marginal Returns’’. 20

4. Discuss the characteristics used to classify

market structures. 20

5. Explain marginal cost and incremental cost,

with suitable example. Also state the difference
between these two cost concepts. 10+10

MCO-021 1 P.T.O.
6. (a) Discuss the managerial uses of production
function with suitable examples. 8

(b) Describe the limitations of different types of

statistical analysis used in the estimation of
production function. 12

7. Describe the features of the oligopolistic

competition. Also discuss the price rigidity in
oligopolistic competition, with diagrams and
examples. 20

8. Write explanatory notes on any two of the

following : 10+10
(a) Opportunity Cost

(b) The Invisible Hand

(c) Peak Load Pricing
(d) Uncertainty Analysis and Decision-making

MCO-021 2
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MCO-021 3 P.T.O.
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MCO-021 4