LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
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M.Com. DEGREE EXAMINATION – COMMERCE
SECOND SEMESTER – APRIL 2007
CO 2802 / CO 2900 – MANAGERIAL ECONOMICS
Date & Time: 27/04/2007 / 1:00 – 4:00 Dept. No. Max. : 100 Marks
SECTION – A 2 x 10 = 20
Answer All questions in not more than 3 lines each.
- State any 2 distinctions between producers goods and consumers goods.
- What is the difference between derived demand and autonomous demand?
- State any 3 factors that determine market share.
- What is a shut down cost?
- What are abandonment costs?
- What are postponable costs?
- Explain the Veblen effect.
- Briefly explain the Giffen’s paradox.
- Why is AR=MR=P in Perfect competition?
- What is Normal Profit?
SECTION – B 5 x 8 = 40
Answer any 5 in not more than 2 pages each.
- Explain the Criteria for a good demand forecasting method.
- Write a note on the different kinds of pollution.
- Write a note on Demand determinants.
- What is the role of a managerial economist in a modern business enterprise?
- Briefly explain the phases of a business cycle.
- Explain Short term Price-Output determination.
- What are the characteristics of a monopoly market?
- Explain the 3 types of Oligopolistic price leadership.
SECTION – C 2 x 20 = 40
Answer any 2 in not more than 4 pages each.
- What are the features of a perfectly competitive market?
- Write a note on the Scope of managerial economics.
- Explain the following equilibrium an under monopolistic competition:
(a) Short term supernormal profit.
(b) Short term minimum loss equilibrium.
(c) Long term normal profit equilibrium.
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