LOYOLA COLLEGE (AUTONOMOUS), CHENNAI –600 034

M.Com., DEGREE EXAMINATION – COMMERCE

SECOND SEMESTER – APRIL 2004

CO 2802/C 821 – MANAGERIAL ECONOMICS

07.04.2004                                                                                                           Max:100 marks

1.00 – 4.00

SECTION – A

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

1. What is economic cost?
2. What is opportunity cost?
3. What is abandonment cost?
4. What is marginal cost?
5. What is semi-variable cost?
6. State any 2 characteristic of demand for producer’s goods.
7. State any 2 purposes for undertaking long-term demand forecasting.
8. State any 2 economic indications which can be used for demand forecasting.
9. What is normal profit?
10. Briefly state demand behavior for Veblen goods.

SECTION – B

Answer FIVE questions in not more than 2 pages each                              (5 ´ 8 = 40 marks)

11. Explain the factors, which determine the market share of an enterprise.
12. Explain with graphs, the different types of price-elasticities of Demand.
13. Write a note on the Responsibilities of a managerial economist.
14. explain the different ways in which monopoly power can be got.
15. Explain the conditions necessary, for a monopolist to successfully undertake price discrimination.
16. What are the wastes of monopolistic competition.
17. Explain the internal and external profit limiting factors.
18. Explain the various phases of a business cycle.

SECTION – C

Answer TWO questions in not more than 4 pages each                              (2 ´ 20 = 40 marks)

19. Explain the derivation of the following with the help of graphs:
20. An ISO – product curve
21. An ISO- product Map
22. The budget line
23. The producer’s equilibrium under ISO- product curve analyze.
24. Explain the following with graphs as under Perfect Competition:
25. Short – term supernormal profit equilibrium
26. Short- term minimum loss equilibrium
27. Long- term normal profit equilibrium
28. a) What is Oligopolistic price leadership?
29. b) Explain the 3 types of price leadership.
30. c) Explain price-ouput determination under oligopolistic price leadership with graph.

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             LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.COM. DEGREE EXAMINATION – COMMERCE

SECOND SEMESTER – APRIL 2006

                                                   EC 2901 – MANAGERIAL ECONOMICS

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

PART – A

Answer ALL the questions in about 50 words each.         (10 ´ 2 = 20 Marks)

1. Define Giffen goods and Inferior goods.
2. What do you understand by demand elasticity?
3. Differentiate short-run forecast from long-run forecast.
4. Define sunk cost and incremental costs.
5. What is Ratio Analysis?
6. Distinguish between monopoly and monopsony.
7. Explain Going rate pricing.
8. Define quality price differentials and quantity differentials.
9. What do you mean by monopoly profits and windfall profits?
10. Distinguish between Break-even point and Break-even chart.

PART – B

Answer any FIVE questions in about 250 words each.     (5 ´ 8 = 40 Marks)

11. Discuss the assumptions and advantages of Break-even analysis.
12. Outline the arguments for professionalisation of management.
13. Explain briefly the determinants of demand.
14. Describe the diverse types of elasticity of demand.
15. Bring out the different kinds of demand forecasting.
16. Why is a long-run average cost curve U shaped?
17. Elucidate the merits of cost control.
18. Discuss the features of oligopolistic and monopolistic markets.

PART – C

Answer any TWO questions in about 900 words each.     (2 ´ 20 = 40 Marks)

19. What is income elasticity of demand? Elaborate the different types of income elasticity. How is it applicable to modern business?
20. Define cost function. Explain the divergent methods of estimating cost function. Point out the problems involved in the estimation of costs.
21. Compare and contrast marginal cost pricing with target pricing. Are they relevant to modern business?

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             LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.Com. DEGREE EXAMINATION – COMMERCE

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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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.Com. DEGREE EXAMINATION – COMMERCE

SECOND SEMESTER – APRIL 2007

EC 2901 – MANAGERIAL ECONOMICS

Date & Time: 28/04/2007 / 1:00 – 4:00      Dept. No.                                       Max. : 100 Marks

Part-A

Answer any Five questions in 75 words each ( 5 x4 =20 marks)

1) Distinguish between Durable goods and Non- Durable goods.

2) Define Perfectly elastic demand and Absolutely inelastic demand.

3) Explain Sample survey and Experts’ Opinion method of demand forecasting.

4) What do you understand by Explicit Cost and Implicit Cost?

5) What do you mean by Standard Costing and Performance budgeting?

6) Differentiate Material Cost Variance from Overhead Cost Variance.

7) Bring out the differences between Oligopoly and Monopolistic Competition.

Part-B

Answer any Four questions in 250 words each ( 4 x 10 =40 marks).

8) ‘’ Professionally qualified managers are not necessarily more efficient and

effective than other managers’’ Comment

9)   Describe the applicability of the concept of Elasticity of demand to modern

business.

10)  How do demand-forecasting methods for new products vary from those for

established products ?.

11)  Explain the Statistical estimation of Cost functions. Why is it more popular than

Engineering estimation of Costs?

12) What is Ratio Analysis?. How is it applied to control Cost and reduce Cost in

business world?.

13) Analyze the objectives of Price discrimination. Do you consider that it is detrimental

to the welfare of society?.

14)  What is Differential pricing?. Briefly explain the different types of price differentials.

Part-C

Answer any Two questions in 900 words each ( 2 x 20 = 40 marks).

15) Discuss the problems involved in setting a Profit policy.

16) What is ‘Margin of Safety’?  Explain the method of its measurement and its relation to

profits.

17) Compare Administered prices and Dual pricing. Do you think that these

concepts are applicable to modern business?. How?

18) Critically assess the diverse types of Price leadership. Is it practicable to Indian

business scenario ?.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

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.

1. State any 2 distinctions between producers goods and consumers goods.
2. What is the difference between derived demand and autonomous demand?
3. State any 3 factors that determine market share.
4. What is a shut down cost?
5. What are abandonment costs?
6. What are postponable costs?
7. Explain the Veblen effect.
8. Briefly explain the Giffen’s paradox.
9. Why is AR=MR=P in Perfect competition?
10. What is Normal Profit?

SECTION – B                                                 5 x 8 = 40

Answer any 5 in not more than 2 pages each.

1. Explain the Criteria for a good demand forecasting method.
2. Write a note on the different kinds of pollution.
3. Write a note on Demand determinants.
4. What is the role of a managerial economist in a modern business enterprise?
5. Briefly explain the phases of a business cycle.
6. Explain Short term Price-Output determination.
7. What are the characteristics of a monopoly market?
8. Explain the 3 types of Oligopolistic price leadership.

SECTION – C                                   2 x 20 = 40

Answer any 2 in not more than 4 pages each.

1. What are the features of a perfectly competitive market?
2. Write a note on the Scope of managerial economics.
3. 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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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.COM. DEGREE EXAMINATION – COMMERCE

SECOND SEMESTER – APRIL 2012

EC 2901 – MANAGERIAL ECONOMICS

Date : 28-04-2012             Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

PART – A

Answer any FIVE questions in about 75 words each:                                           (5X4=20 marks)

1. Define managerial economics.
2. What are the criteria of a good forecasting?
3. What is promotional elasticity?
4. What is meant by opportunity cost?
5. State the Kotler’s additional objectives of pricing policy.
6. Define accounting profit.
7. What is meant by profit forecasting?

PART – B

Answer any FOUR questions in about 300 words each:                                       (4X10=40 marks)

8. Explain the scope of managerial economics in the modern business.
9. What are the important demand distinctions in the business studies?
10. Briefly explain the business applications of price elasticity of demand.
11. What is cost control? Explain the tools of cost control.
12. Explain the price differentials based on buyers’ location.
13. Firms do not always try to maximize profits- Elucidate.
14. How to determine distributors’ discounts?

PART – C

Answer any TWO questions in about 900 words each:                                         (2X20= 40 marks)

15. Explain the various methods of demand forecasting with suitable illustration.
16. Examine the nature of short run and long run cost curves and their determinants.
17. Describe the different methods of pricing employed in business.
18. What is break-even point? Examine the managerial uses of break even analysis.

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