University of Pune 2011-1st Sem Master of Marketing Management (M.M.M.) ; : MMM( ) - ; Title of the : Management Economics (Old 2005 Pattern) - Question Paper

Total No. of Questions : 7] [Total No. of Printed Pages : 1

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M. M. M. ( Semester - I ) Examination - 2011

MANAGERIAL ECONOMICS

(Old 2005 Pattern)

Time : 3 Hours] [Max. Marks : 70

Instructions :

(1) Attempt any five questions.

(2) All questions carry equal marks.

(3) Draw neat diagrams wherever necessary.

Q.1) Define Managerial Economics. Discuss its nature and scope.

Q.2) Why Joint Stock Company form of Business Organisation is popular ?

Q.3) What is Demand Forecasting ? What are its types ? Describe any two methods of Demand Forecasting for the established product.

Q.4) Explain Concept of Production Function. Describe Increasing, Decreasing and Negative

Returns to Scale.

Q.5) Give classification of Markets on the basis of Degree of Competition.

Q.6) (A) Explain concepts : Total Cost, Average Cost and Margiral Cost with cost schedule and suitable diagram.

(B) Justify use of Cost-Benefit Analysis in Project Evaluation.

Q.7) Write notes : (Any Two)

(a) Exception to the Law of Demand

(b) Break-even Analysis

(c) Support Price and Administered Price

(d) Determinants of Supply

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