Solapur University
M.Com. I (Semester – I) Examination, 2015
MANAGERIAL ECONOMICS (Comp. – II)
Day and Date : Friday, 24-4-2015 Max. Marks : 50
Time : 3.00 p.m. to 5.00 p.m.
N.B. : 1) All questions are compulsory.
2) Right side marks indicate full marks.
1. Choose the correct alternative from given alternatives : 10
1) According to __________ managerial economics consists of the use of economic modes of thoughts to analyse business situations.
A) James Pappas B) McNair and Merium
C) Moyre D) None of these
2) The demand for a commodity is affected not only by its own price but the price of other goods is called
A) Price elasticity B) Cross elasticity
C) Income elasticity D) None of these
3) The ratio between lower portion of dd from the point and upper portion of dd from the point is called
A) Point elasticity B) Cross elasticity
C) Income elasticity D) None of these
4) The combination of returns of factors of production is called
A) Revenue of production B) Cost of production
C) Fixed cost of production D) None of these
5) Large number of firms is an important feature of ___________ market.
A) Monopoly B) Oligopoly C) Monopolistic D) None of these
6) As there is increase in production, AC decrease due to the distribution of
A) Fixed Cost B) Total Cost C) Variable Cost D) None of these
7) A break even chart is a device which shows the relationship between cost volume and __________ of a firm.
A) Average revenue B) Profit
C) Sale D) None of these
8) Innovation leads _____________ the cost of production.
A) Decrease B) Increase C) Measure D) None of these
9) __________ policies are adopted by the firm for profit maximization.
A) Wage B) Building of image
C) Liquidity management D) All
10) Close substitute production is an important feature of _________ market.
A) Perfect competition B) Oligopoly
C) Monopoly D) None of these
2. Write short answer : 10
A) Explain the types of income elasticity of demand.
B) State the features of monopolistic competition market.
3. Write short notes : 10
A) Objectives of a firm.
B) Market demand.
4. Answer the following (any one) : 10
A) Discuss various factors which affect decision making in business.
B) Explain short run equilibrium of a firm in monopolistic competition market.
5. Answer the following (any one) : 10
A) What is Break Even Analysis ? Explain its importance.
B) Explain the role of managerial economics.
M.Com. I (Semester – I) Examination, 2015
MANAGERIAL ECONOMICS (Comp. – II)
Day and Date : Friday, 24-4-2015 Max. Marks : 50
Time : 3.00 p.m. to 5.00 p.m.
N.B. : 1) All questions are compulsory.
2) Right side marks indicate full marks.
1. Choose the correct alternative from given alternatives : 10
1) According to __________ managerial economics consists of the use of economic modes of thoughts to analyse business situations.
A) James Pappas B) McNair and Merium
C) Moyre D) None of these
2) The demand for a commodity is affected not only by its own price but the price of other goods is called
A) Price elasticity B) Cross elasticity
C) Income elasticity D) None of these
3) The ratio between lower portion of dd from the point and upper portion of dd from the point is called
A) Point elasticity B) Cross elasticity
C) Income elasticity D) None of these
4) The combination of returns of factors of production is called
A) Revenue of production B) Cost of production
C) Fixed cost of production D) None of these
5) Large number of firms is an important feature of ___________ market.
A) Monopoly B) Oligopoly C) Monopolistic D) None of these
6) As there is increase in production, AC decrease due to the distribution of
A) Fixed Cost B) Total Cost C) Variable Cost D) None of these
7) A break even chart is a device which shows the relationship between cost volume and __________ of a firm.
A) Average revenue B) Profit
C) Sale D) None of these
8) Innovation leads _____________ the cost of production.
A) Decrease B) Increase C) Measure D) None of these
9) __________ policies are adopted by the firm for profit maximization.
A) Wage B) Building of image
C) Liquidity management D) All
10) Close substitute production is an important feature of _________ market.
A) Perfect competition B) Oligopoly
C) Monopoly D) None of these
2. Write short answer : 10
A) Explain the types of income elasticity of demand.
B) State the features of monopolistic competition market.
3. Write short notes : 10
A) Objectives of a firm.
B) Market demand.
4. Answer the following (any one) : 10
A) Discuss various factors which affect decision making in business.
B) Explain short run equilibrium of a firm in monopolistic competition market.
5. Answer the following (any one) : 10
A) What is Break Even Analysis ? Explain its importance.
B) Explain the role of managerial economics.
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