Roll No.:.

000000

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

I.
II.
III.
IV.
V.

04285

1x5=5

SESSION 2015-16

Indifference curve approach was propounded by Robbins.

Economic theories are exact like natural sciences.
According to Marshall, Micro and Macro Economics are two main
parts of pure Economics.
The law of demand is Quantitative.
Geffen goods are also called as inferior goods.

Back Paper Examination

MBA (1st Semester)
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)
1.

Forecast the trend of demand for the next three years-

2. What do you mean by D= f (P)? Explain.

Years

2005

2006

2007

2008

2009

Demand
130
150
130
150
180
(in 000 Rs.)
3. According to Marshall, what are five factor of Production?
4. What is the significance of managerial economics?

5. State the meaning of managerial economics and economist.

Q.12 Multiple question. (Each question carries 2 marks)

2x5=10
.

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

compulsory.)
3x15=45
6. Define managerial Economics and explain its nature,
characteristics and scope.
7. Calculate price elasticity of demand by proportionate
method ifQuantity
Price
Q1= 16000 kg
P1= Rs. 80
Q2= 20000 kg

P2= Rs.76

8. Describe internal and external economics of production.

9. How does Mehtas definition differ from Adam Smith of
economics?
10. Explain the cost-output relationship in the short-run.

GROUP C: All questions are compulsory.

I.
II.
III.
IV.
V.

11. One-line Answer. (Each question carries 2 marks.)

2x5=10
Goshens first law
Wantlessness definition
Indifference curve analysis.
Law of demand
Cardinal approach

1. Who was the author of the book Pure theory of

domestic values?
(a) A. J. Dupuit
(c ) J.R. Hics
(b) A. Marshall
(d) None of the above
2. Who has written the book wealth of nations?
(a) Alfred Marshall
(c) Mehta
(b) Adam Smith
(d) Robbins
3. Which of the following should be normally most inelastic
demand?
(a) Soap
(c) Salt
(b) Cigarettes
(d) Television
4. Managerial economics mainly helps the firm in
decision making and.
(a) Planning

(c) Communication

(b) Leadership

(d) Motivation

5. Total Utility is maximum when marginal utility is

(a) Zero

(c) Positive

(b) Negative

(d) None of the above