RolI No.

MBA (BUSINESS ANALYTICS), FIRST SEMESTER

EXAMINATION, DEC. 2021
PAPER CODE- MBA-BA-102
PAPER NAME. MANAGERIAL ECONOMICS
Maximum Marks : 60
Minimum Passing Marks: 21
NOTE:- Attempt all questions. Questions no. L is compulsory.
SECTION . A
Ql. Attempt any five questions. (Not more than 50 words each). (5x2:10 Marks)
i. Who is Cross Elasticity of demand?
ii. Distinguish between decrease and contraction of demand?
iii. Write the symbol name Ep>l and draw a diagram only.
ir-. Discuss any four determinants of law of demand.
\-. Explain the concepts of AR and MR.
r i. Distinguish between the short term and long term production function?
r ii. Distinguish betrveen homogenous and heterogeneous products?
r iii. \\trat is GDP deflator?
Lr. Explain the concept of Inflation.
\. \\hat are the main torms of market?

SECTIO\ - B

Q2. (a) Discuss oppornrnil cost and discounting principle rvith example. ll0 ]Ierlist
(b) Price of the commoditr -X falls &om Rs. R per kg to Rs. 4 per kg and the dema:r,i "ri
Consumer A for it rises from 4 kg to 6 kg. Express your opinion regarding the nature oi
elasticin of demand of commoditr. -X.

io*,
\\ hat is income elasticity of demand? Graphically explain its t-vpes.

Q3. \\ hat is law.of return to scale? Graphically explain. (10 llarks)

(oR)
Find ilibrium.. from
ucer's equilibrium liom the
t following.
ow 1Ve logical
Give 1C reason.
Quantity sold Total Revenue Total Cost (Rs.)
(Units) (Rs.)
5 15 18

6 20 22
7 25 26
8 30 27
9 35 )L

10 10 38

Ql. What is perfect competition? ln perlict competition, industry is the price maker and firm is the
price taker." Discuss (10 Marks)
(oR)
 What is dilferent between 'perfectly compeiitive market structLrrr' rn: , - r'r : :r *- .

structure under oligopoly'? Which of these two (market structure). in r.our rrFri:-l:, ,: ' :-
suitable for the growth and development of the Indian econom-v'/

Q5. What is uncerlainty, probability and expected value? Define with example. (10 )Iarks)
(oR)
The manager typically begins the process of analyzing a decision under uncefiaintr. b1 using a
probabilit.v distribution. A probabilitl. distribution is a listing of the possible outcomes
concerning an unknown event and their respective probabilities.
From the probability distribution, compute the expected value of the uncertain variable in
cuestioll

Outcomes First-Year Sales Probabilitv

Revenue
Complete success Rs.10,000,000 0.1
Promising Rs.7,000,000 0.3
Nlixed response Rs.3,000,000 n-)
Failure Rs.1,000,000 0..+

Q6. What is national income? Discuss various methods of measuring national income. (10 Marks)
(oR)
What is business Cycle? Graphically discuss its phases in details. Explain various theories of
trade cycles.