Calicut University 2007 B.Com Computer Science II manegerial economics - Question Paper
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D 40003 (Pages : 2) Name......................................
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FINAL YEAR B.Com. DEGREE EXAMINATION, SEPTEMBER 2007
Paper [IMANAGERIAL ECONOMICS (2001 admissions)
Time : Three Hours Maximum : 80 Marks
Answer any ten questions.
Each question carries 1 mark.
1. Define Managerial economics.
2. What do you mean by Net National Product (NNP) ?
3. Define cost of capital.
4. What is utility ?
5. What is demand schedule ?
6. What is consumers surplus ?
7. What is the equi-marginal principle of managerial economics ?
8. State the law of diminishing return.
9. Define demand forecasting.
10. WTiat is operating decision ?
11. What is historical cost ?
12. any two statistical methods of demand forecasting.
Part B
Answer any ten questions.
Each question carries 4 marks.
13. Explain briefly the features of monopolistic competition.
14. What are the functions of profit ?
15. What are the different kinds of income elasticity ?
16. Explain product, line pricing.
17. Distinguish between individual demand and market demand.
18. State the law of variable proportion.
19. Why does the demand curve slope downwards from left, to right ?
20. Briefly explain the different types of monopolies.
21. Examine how monopoly is created.
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22. State the different methods of measuring national income and explain any one method.
23. How would you determine the weighted average cost of capital ?
2-i. State the law of equimarginal utility,
(10 x 4 = 40 marks)
Part C
Answer any two questions.
Each question carries 15 marks.
25. Describe the various; monetary and fiscal policies for the control of business cycle.
26. What is decision-making ? Explain the different types of business decisions.
27. What practical methods do businessmen employ in setting prices ?
(2 x 15 = 30 marks)
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