Gauhati University 2007 Post Graduate Diploma Business Management Final : -V - Question Paper

2007
ECONOMICS FOR MANAGER
FIFTH PAPER
Full Marks: 100
Time: three hours
The figures in the margin indicate full marks for the ques.
ans all ques.
1. ans any 5 of the following: 5×5=25
(a) How is macro-economics useful to business manager?
(b) In what way does managerial economics differ from traditional economics?
(c) discuss the significance of economics analysis in business decision.
(d) Write the role and responsibilities of managerial economist.
(e) discuss the important determinants of demand.
(f) What is meant by cross elasticity of demand?
(g) explain the concept of opportunity cost.
2. ans any 3 ques. from the following: 10×3=30
(a) Point out the significance and main characteristics of managerial economics.
(b) elaborate the main uses of production function? discuss it with an illustration.
(c) define the characteristics of business cycle. provide an account of economic
activities during the depression.
(d) discuss clearly the relation of cost to output with suitable example.
(e) discuss the method of cost-plus pricing and state its limitations. Point out the
cases where its application is suitable.
3. ans any 3 ques. from the following: 15×3=45
(a) discuss the methods of business forecasting. Is it useful decision-making?
(b) explain the importance of national income in business management. Write
briefly the methods of measuring national income.
(c) explain the application of managerial economics in the practical issue of
business firm.
(d) What is the significance of demand analysis to a sales manager? List the factors
to be considered for estimating the demand for cement in North-East States.
(e) What do you understand by price discrimination? discuss the conditions which
make it possible, profitable and desirable.
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Earning:   Approval pending.