2010 BHARATHIAR UNIVERSITY B.COM COMPUTER APPLICATIONS MANAGERIAL ECONOMICS QUESTION PAPER

SECTION-A [10*1=10] ANSWER ALL QUESTIONS
1. The main intention of a business unit is to earn __________
2. _____________________ curve slopes downwards from left to right.
3.______________________ cost increases when production increases.
4. There will be four firms in_____________
5. There will be only one seller in _________________
TRUE OR FALSE:
6.The scope of economics is too narrow.
7.The demand for coffee is elastic because it has substitute.
8.When there is no production,fixed cost will be zero.
9.In monopolitic competition there will be only one firm.
10.In duopoly there will be only one seller.
SECTION-B [5*5=25] ANSWER ALL QUESTIONS
11. (a) Discuss the nature of economic theory.
or
(b) State the meaning and definition of managerial economics.
12. (a) What are the assumptions of Marshall's utility analysis of demand?
or
(b) How will you measure the elasticity of demand?
13.(a) State the behaviour of total cost.
or
(b) Write notes on the causes of diminishing returns.
14.(a) What are the objects of pricing policies?
or
(b) What are the defects of monopolistic competition?
15.(a) Explain the features of duopoly.
or
(b) explain the features of monopoly.
SECTION-C [5*8=40] ANSWER ALL QUESTIONS
16. (a) Describe the goals of a firm.
or
(b) elucidate the uses of economic theory.
17. (a) Explain the determinant factors of demand.
or
(b) Explain the factors influencing elasticity of demand.
18. (a) Describe the causes of increasing returns.
or
(b) Explain the law of diminishing returns.
19.(a) What are the differences between perfect competition and monopoly? explain.
or
(b) Explain the characteristics of oligopoly.
20. (a) How price is determined in monopoly? explain.
or
(b) Explain how price is fixed in perfect competition.
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