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COURSE CODE: DECO 405 COURSE TITLE: MANAGERIAL ECONOMICS

Date of Exam:- 13 Sept Session:- 9:30-12:30

Time Allowed : 3 hours Max. Marks: 80

1. This paper contains 10 questions divided in two parts on 2 pages.

2. Part A is compulsory.
3. In Part B (Questions 2 to 10), attempt any 6 questions out of 9. Attempt
all parts of the questions chosen.
4. The marks assigned to each question are shown at the end of each
question in square brackets.
5. Answer all questions in serial order

PART A

Q 1.) 2*10=20

i. Define Managerial Economics. [2]

ii. Define Monopoly. [2]
iii. What is Demand Function? [2]
iv. Distinguish between Derived demand and Direct Demand. [2]
v. State Law Of Supply. [2]
vi. What is Budget Line? [2]
vii. What is an Indifference Curve? [2]
viii. Define Cross Elasticity of Demand . [2]
ix. Define national income. [2]
x. What is Average Revenue? [2]
 PART B

Q2.) Explain the Scope of Managerial Economics. [10]

Q3.) Explain the Law of Equi - Marginal Utility with the help of examples. [10]

Q4.) What is an Indifference Curve? Explain its Properties. [10]

Q5.) Explain the various determinants of demand. [10]

Q6.) Explain the various degrees of Elasticity of Demand. [10]

Q7.) With the help of a graph explain the various stages of Production.
[10]

Q8.) Explain the various features of a Perfect Competition Market. [10]

Q9.) Explain the process of price and output determination in Monopolistic

Competition. [10]

Q10.) What do you understand by national income? Discuss the various

measures to calculate national income. [10]