M.Com-M.Com MA and FS 1st Sem Managerial Economics(Osmania University (OU)-2013)
Wednesday, 18 December 2013 10:55systech
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M.com 1st semester Non CBCS 2013 December 17thPaper II Managerial Economics
Part A
Accounting profit VS economic profit
Individual demand vs Market demand
Economies of scale vs economies of scope
Assumptions of break even analysis
Characteristics of perfect competition?
Section B
Write about functional relationship between MR, AR, TR?
Derive the average and marginal revenue equations from TR=1000Q-10Q2?
Explain importance of managerial economic in decision making?
Given TR=50000Q-5Q2 determine the rate of output that results in maximum MR?
Describe elasticities of demand and its managerial uses? define law of demand?
How do u measure price elasticity of demand?
Yo are given market data that says when the price of pizza is rs 50.the quantity demanded of pizza is 60 slice and the quantity demanded of cheese pizza is 80 slices and the quantity demanded of cheese bread is 70 pieces. Calculate price elasticity of demand?
Explain any 3 methods of forecasting and outline their merits and demerits?
The income elasticity demand of 2 goods x and y are as follows good x:+4.0 and Good Y is -0.2 Income rises by 5% by low much quantities demanded of X and Y will change?
What is [production function and explain production with 2 variable inputs?
The short run function of a company is Qy=12L+6L2-0.123
WHERE Qx=daily outputs of banians l=the number of workers employed and how many workers are employed when average output of banians is maximized?
Explain cobb douglas production function?
The production function Q=1000 K0.5 L0.5 where K is fixed at 4 units.price of output is Rs.4.find out the optimal employment of labour if wage rate is 100
What is break even analysis? How is it useful for the profit planning?
Calculate the average and marginal costs functions from the following?
TC=15Q-8Q2+3Q3
Explain cost driven pricing methods
Given fixed cost is30000 variable cost is 2 per units selling price is 10 per unit sales 100000 if break even point is brought down to 5000 units what would be the selling price?
What is monopoly how does a firm attain equilibrim under monopoly?
“A firm under perfect competition is price taker and not a price maker” explain?
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