M.B.A.

(Sem-I) MAY 2010 S-2009

First Semester Examination (New Course) Paper-II MANAGERIAL ECONOMICS Time: 3 Hours] 70 Instructions to the Candidates N.B. :- 1) Attempt any five questions of the following 2) 3) All questions carry equal marks. Draw suitable diagrams wherever necessary. 1) Which economic decisions taken by the managers are based on economic concepts? 2) Relationship between price and [Max. Marks:

5) Explain any two pricing methods a) What is product differentiation? b) Explain income elasticity of demand. 7) Write notes (Any two) a) Exceptions of law of supply b) Cast forecasting c) Capital budgeting. in the market. d) Need for government intervention

demand for commodity can be inverse as well as direct explain 3) Why increasing, returns decreasing to scale and are

negative

experienced? 4) Compare the short run and long run equilibrium of a monopoly firm by starting the conditions of equilibrium.