103 : ECONOMIC ANALYSIS FOR BUSINESS DECISIONS,University Of Pune Question Paper,M.M.M. (Semester – I),2014 Question Paper

University Of Pune Question Paper
M.M.M. (Semester – I) Examination, 2014
103 : ECONOMIC ANALYSIS FOR BUSINESS DECISIONS
(2013 Pattern)
Time : 2.5 Hours Max. Marks : 50
Instructions : 1) All questions are compulsory.
2) Each question has an internal option.
3) Each question carries 10 marks.
4) Your answer should be specific and to the point.
5) Draw neat diagrams and illustrations supportive to your answer.
1. a) Define ‘Managerial Economics’. Discuss its nature and importance. 10
OR
b) What is the rationale of firm ? Explain various objectives of firm.
2. a) Explain the Law of Demand. What are the determinants of demand ? 10
OR
b) Explain the various degrees of price elasticity of demand with suitable example.
3. a) Explain the concept of price discrimination with its types. 10
OR
b) State and explain the law of supply with example.
4. a) How price and output are determined under monopoly in Short-run and long run ? 10
OR
b) Compare the price and output determination under the conditions of perfect competition
and monopoly in the long run.
5. a) What is inflation ? Explain its impact on the operation of the firm. 10
OR
b) 1) Explain cost-volume-profit analysis.
2) Cost plus pricing.
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