Kurukshetra University 2011-1st Sem M.B.A Managerial economics - Question Paper

Max marks:70 Managerial Economics time-3hrs

Note-Attempt five ques. in all, 1st ques. is compulsory. All ques. carry equal marks
Q-1. discuss the following-
a)define utility
b)distinguish ranging from cardinal and ordinal concept of utility
c)define the marginal rate of substitution
d)illustrate price consumption curve
e)define production function
f)define monopolistic competition
g)what is price discrimination

Q-2 elaborate the conditions for a consumer's equilibrium? discuss consumer equilibrium using indifference curve approach.

Q-3 discuss the regression method of demand forecasting with illustrations. Compare this method with the pattern method.

Q-4 what is meant by optimum combination of input? Use a map of isoquant and iso-cost curves and show the determination of optimum combination of inputs.

Q-5 discuss pricing and o/p decisions and monopolistic competition both in short and long term

Q-6 describe oligopoly. What is the difference ranging from oligopoly and monopolistic completion? discuss the kinky demand curve.

Q-7 ans the following- a) what is value added? discuss how this method is used in determination of national income b)Explain types of inflation and effects of inflation.

Q-8 Write short notes on following- a)cash reserve ratio
b)open market operations
c)bank rate policy
d)repo rates and reverse repo rates

Earning:   Approval pending.