Alagappa University 2007 B.B.A MANAGERIAL ECONOMICS - Question Paper

DISTANCE EDUCATION
B.B.A.(C.S) DEGREE EXAMINATION, DECEMBER 2007.
MANAGERIAL ECONOMICS
(2005 onwards)
Time : 3 hours Maximum : 100 marks
part A — (5 × eight = 40 marks)
ans any 5 of the subsequent ques..
1. What are the roles of managerial economics in business?
2. State legal regulations of demand. What is the exception to it?
3. Explain the concept of income elasticity of demand and its role in business decisions.
4. What is demand forecasting? explain the merits of demand forecasting method.
5. Write short note on :
(a) Cyclical pricing
(b) Differential pricing.
6. ‘Perfect competition is a myth’ – discuss.
7. What do you understand ‘return to scale’ concepts and its types?
8. What is Cobb-Douglas production function?
part B — (4 × 15 = 60 marks)
ans any 4 of the subsequent ques..
9. Elucidate the role of managerial economics in formulation of business policies.
10. What is opportunity cost? define the significance of opportunity cost in allocation of resources.
11. Explain the degrees of price elasticity of demand.
12. What is meant by marginal and avg. cist of production explain the relationship ranging from these two.
13. Explain legal regulations of equi-marginal utility. define its importance.
14. What do you mean by perfect competition? How price and output are determined under it?
15. Is monopoly price always higher than the competitive price? How can monopoly be controlled?
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Earning:   Approval pending.