Alagappa University 2007 B.Com MANAGERIAL ECONOMICS - Question Paper

DISTANCE EDUCATION
B.Com. DEGREE EXAMINATION, DECEMBER 2007.
MANAGERIAL ECONOMICS
(upto 2005 Calendar year)
Time : 3 hours Maximum : 100 marks
PART A — (5 x eight = 40 marks)
ans any 5 ques..
1. What is the scope of managerial economics?
2. Explain the nature of managerial economics.
3. Enumerate the features of perfect competition.
4. What is meant by industry demand and company demand?
5. Specify the steps involved in the cost control.
6. Explain the objectives of pricing policies.
7. What are the determinants of demand?
8. What is the role of a managerial economist in business?
PART B — (4 x 15 = 60 marks)
ans any 4 ques..
9. Enumerate the various theories of profit.
10. What is managerial economics? How does it differ from traditional economics?
11. Economic theory’s main assumption is that the firm aims at maximizing profits–But this does not hold good always–Comment in detail.
12. Explain and illustrate the legal regulations of variable proportion.
13. What is price leadership? elaborate the significance and advantages of price leadership?
14. Explain the main phases in the life cycle of a product.

Earning:   Approval pending.