Roll No.:..

04283

SESSION 2015-16

Half Yearly Examination

M.Com. (Previous)

Managerial Economics
Time: 3 Hours.

Max. Marks: 100

INSTRUCTIONS:
Question paper is divided into three groups.
Figure to the right in bracket indicates mark.
Assume suitable data if necessary.

GROUP A: Answer any three questions. (Question No. 1st is

compulsory.)
3x10=30
Q.1 Calculate price elasticity of demand by proportionate method ifQ1= 20,000 Kg

P1 = 10 Rs.

Q2= 25,000 Kg

P2 = 8 Rs.

Q.2 According to Marshall, what are five factor of Production?

Q.3 Describe five responsibilities of managerial economist.
Q.4 State the meaning of cardinal and ordinal approaches of utility
measurement.

Q.5 What do you understand by D= f (P)? Explain.

GROUP B: Answer any three questions. (Question No. 6th is

compulsory.)
3x15=45

(b) Two
Iii.
ss

Who was the author of the book Pure theory of domestic

values?
(a) A. J. Dupuit
(b) A. Marshall

Q.6 Explain the cost-output relationship in the short-run.

Q.7 Describe internal and external economics of production.
Q.8 What do you understand by law of equi marginal utility?
ss

(c ) J.R. Hics
(d) None of the above

Iv. Managerial economics mainly helps the firm in decision

making and.

Q.9 Define Business Economics and explain its characteristics,

nature and scope.
Q.10 Explain the law of Diminishing Marginal Utility. What are its
limitations and importance in economics?

(d) Three

(a) Planning

(c) Communication

(b) Leadership

(d) Motivation

v. Total Utility is maximum when marginal utility is

GROUP C: All questions are compulsory.

(a) Zero

(c) Positive

Q.11 Fill in the blanks. (Each question carries 2 marks.) 2x5=10

(b) Negative

(d) None of the above

i.
ii.
iii.
iv.
v.

Statistical method of demand forecasting cannot be

applied for
The another name of Gossans second law is ...
Marshall is the profounder of approach of Utility.
was propounded the indifference curve analysis.
J.K. Mehta is concerned with definitions.

Q.12 Multiple question. (Each question carries 2 marks)2x5=10

Q.13 True or false. (Each question carries 1 Marks)

i.
ii.
iii.
iv.
v.

The law of demand is Quantitative.

Geffen goods are also called as inferior goods.
Indifference curve approach was propounded by J.R. Hics.
According to Robbins, Micro and Macro Economics are two main
parts of pure Economics.
Economic theories are exact like natural sciences.

i.

ii.

Who has written the book wealth of nations?

(a) Alfred Marshall
(c) Robbins
(b) Adam Smith
(d) Mehta
According to Weiser, there are ..factors of production.
(a) Four
(c) Five

1x5=5

***