Download Managerial Economics

Model Question Paper
B A Degree (CBCSS) Examination, November 2015
Third Semester
B A Corporate Economics
Core paper 3- Managerial Economics
Time: Three Hours
Max. Marks: 80
PART A
Short answer questions. Answer in two or three sentences
1. Define Managerial Economics
2. What are the roles of the managerial economists?
3. What are the determinants of demand?
4. Define price elasticity of demand.
5. What is meant by demand forecasting?
6. What are the statistical methods of demand forecasting?
7. Define production function.
8. What is meant by economies of scale?
9. What is break even analysis?
10. Define linear programming.
10x1=10 marks
Part B
Answer eight questions. Each question carries 2 marks.
11. Examine the nature and scope of managerial economics.
12. Comment on the responsibilities of managerial economist.
13. Distinguish between individual and market demand curves.
14. Examine the importance of the elasticity of demand.
15. Briefly explain the criteria for a good forecasting method.
-216. Briefly explain the Law of Variable Proportions
17. Distinguish between Average cost and Marginal cost.
18. What is meant by break even analysis?
19. What is meant by long run production function?
20. What is meant by linear programming?
21. Comment on the various concepts of cost.
22. What are the different types of price elasticity of demand?
8x2= 16
Part C
Short Essays. Answer six questions. Each question carries 4 marks
23. Examine the nature and scope of managerial economics.
24. Distinguish between extension of demand and increase in demand.
25. What are the methods of estimating price elasticity of demand?
26. What are the determinants of demand?
27. Briefly explain the law of demand and exceptions of the law.
28. Examine the salient features of the short run and long run production function.
29. Briefly explain the Cobb-Douglas production function.
30. Examine the conditions of producer’s equilibrium
31. Briefly explain the limitations of break even analysis
6x4=24
Part D
Long Essays
Answer any two questions. Each question carries 15 marks
32. Define Managerial Economics. Examine the importance of Managerial Economics.
33. Explain the methods of demand forecasting.
34. Explain the long run production function.
35. Examine the usefulness and limitations of break even analysis.
2x15= 30
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