University of Pune 2011-1st Sem Master of Marketing Management (M.M.M.) ; : MMM( ) - ; Title of the : Management Economics (New 2008 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

(New 2008 Pattern)

Time : 3 Hours] [Max. Marks : 70

Instructions :

(1) Attempt any five questions.

(2) All questions carry equal marks.

(3) Draw suitable diagram wherever necessary.

Q.1) What is Demand in Economics ? Explain Direct and Inverse Relationship between Price and Demand for a Commodity.

Q.2) State and explain the Law of Diminishing Marginal Returns with schedule and diagram.

Q.3) Compare features of Monopoly with Oligopoly. Show how Price and Output are determined in the Short Run under Monopoly ?

Q.4) Describe merits and demerits of Partnership as a Form of Business Organisation.

Q.5) Discuss any two Pricing Strategies.

Q.6) Why Investment Appraisal should be made ? Point out the merits and demerits of discounted Cash Flow Method.

Q.7) Write notes : (Any Two)

(a) Practical Significance of Managerial Economics

(b) Need for Demand Forecasting

(c) Break-even Analysis

(d) Protection of Consumer Interest

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