LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.COM. DEGREE EXAMINATION – COMMERCE

RF 39

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

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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