LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.Com. DEGREE EXAMINATION – COMMERCE

TH 44

SECOND SEMESTER – APRIL 2006

                                                   CO 2900 – MANAGERIAL ECONOMICS

(Also equivalent to CO 2802)

 

 

Date & Time : 28-04-2006/9.00-12.00         Dept. No.                                                       Max. : 100 Marks

 

 

PART – A

 

Answer ALL questions in not more than 3 lines each.                    (2 x 10 = 20 marks)

 

1. What is Normal Profit?
2. What is Sunk Cost?
3. What is Product Differentiation?
4. Define Price Elasticity of Demand.
5. Briefly explain the concept of Semi Variable Cost.
6. What is a Producer’s Good?
7. Explain Economic Cost.
8. What is derived demand?
9. Define Managerial Economics.
10. State any four functions of a managerial economist.

 

PART – B

 

Answer any FIVE in not more than 2 pages each.                         (5 x 8 = = 40 marks)

 

11. Explain the factors, which determine price elasticity of demand.
12. Write a brief note on the economics of scale.
13. Explain Price-Output determination in the short period with a graph.
14. Explain the significance of selling costs under monopolistic competition.
15. What are the characteristics of a good demand forecasting method?
16. Write a note on the different types of profit standards.
17. What are the features of a monopolistic market?
18. Explain the phases of the Business Cycle – briefly.

 

PART – C

 

Answer any TWO in not more than 4 pages each.                              (2 x 20 40 marks)

 

19. Explain the features of a perfectly Competitive Market.
20. Write a note on the scope of managerial economics.
21. Explain the methods of controlling pollution. Highlight each one’s merits and demerits.

 

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