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RAN-1908000402070001
B.B.A. (Sem-II) Examination
Octoer / November - 2019
Managerial Economics-II
(With Business Organisation)
(CBCS)
k|Q“p : / Instructions
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Fill up strictly the details of  signs on your answer book
Name of the Examination:
 B.B.A. (Sem-II)
Name of the Subject :
 Managerial Economics-II (With Business Organisation) (CBCS)
Subject Code No.: 1908000402070001 Student’s Signature

1. All questions are compulsory.

2. Figures to the right indicate full marks of each question.
3. Answer should be to the point and legible."
4. Draw the diagram wherever necessary.
5. Clearly indicate the options you attempt.

Q-1 Answer in brief: (10)

(1) How do you calculate the value of marginal product?
(2) What are the benefits of a joint venture?
(3) Give the meaning of returns to a factor.
(4) Mention the need of capital budgeting.
(5) How does iso-cost line change with the change in factor prices?

Q-2 What is long-run production function? Explain the laws of returns to (13)
scale in terms of Isoquant approach.
OR
Q-2 What are the most common forms of business organisation? Discuss the (13)
features, merits and dmerits of a sole propritership.
P2250

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Q-3 “For most investment decisions that a firm faces net present value is (13)
either a superior decision criterion or is at least as good as the
competiting technique.” In what investment situation is the profitability
index better then net present value?
OR
Q-3 Discuss in detail the producer's equilibrium with diagram. (13)

Q-4 Write short notes (Any Two): (14)

i. Demand for & supply of capital
ii. Relationship between TP, AP & MP
iii. The law of diminishing returns
iv. Demerits of a partnership firm

P2250

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