Are you preparing for MBA examinations? Searching for previous, old and latest university question papers for a subject "Managerial Economics"? Here's under available is the original question paper that was asked in the year 2013 for IGNOU, New Delhi. IGNOU is one of the best university in India. Get your question paper right from here and score good marks in your exam. All the best from indianuniversityquestionpapers!
University: Indira Gandhi National Open University, IGNOU,
Course: Master of Business Administration, MBA
Year of Examination: Second (2nd) Year, 2013
Subject with Code: MCT-051 : MANAGERIAL ECONOMICS
Note : Answer any five questions. All questions carry equal marks. (5 x 20 = 100)
1. Distinguish between macro-economics and micro-economics. How is macro-economics useful in managerial decision making ?
2. Explain the concept of income-elasticity of demand and explain its role in business decisions.
3. What do you understand by :
(a) Special Economic Zones (SEZs)
(b) Price Leadership
(c) Advertising elasticity of demand
(d) GNP
4. Define a production function. Explain isoquants and isocost curves.
5. "A monopolist aims at minimizing price rather than profits". Do you agree with this statement ?
6. (a) Distinguish between Risk and Uncertainty.
(b) Construct an example to show the difference between 'economic profit' and 'accounting profit'.
7. Discuss the importance of demand forecasting in product planning. Explain the factors involved in demand forecasting.
8. (a) What is meant by demand function ?
(b) Define price discrimination and mention some illustrations of price discrimination.
University: Indira Gandhi National Open University, IGNOU,
Course: Master of Business Administration, MBA
Year of Examination: Second (2nd) Year, 2013
Subject with Code: MCT-051 : MANAGERIAL ECONOMICS
EXECUTIVE MBA (EXMBA)
Term-End Examination
June, 2013
MCT-051 : MANAGERIAL ECONOMICS
Time : 3 hours Maximum Marks : 100
1. Distinguish between macro-economics and micro-economics. How is macro-economics useful in managerial decision making ?
2. Explain the concept of income-elasticity of demand and explain its role in business decisions.
3. What do you understand by :
(a) Special Economic Zones (SEZs)
(b) Price Leadership
(c) Advertising elasticity of demand
(d) GNP
4. Define a production function. Explain isoquants and isocost curves.
5. "A monopolist aims at minimizing price rather than profits". Do you agree with this statement ?
6. (a) Distinguish between Risk and Uncertainty.
(b) Construct an example to show the difference between 'economic profit' and 'accounting profit'.
7. Discuss the importance of demand forecasting in product planning. Explain the factors involved in demand forecasting.
8. (a) What is meant by demand function ?
(b) Define price discrimination and mention some illustrations of price discrimination.
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