B.B.A. (Part-II) Paper 201 Managerial Economics

Class : B.B.A. (Part-II) Max. Marks : 70
Subject : Managerial Economics Time : 3 Hrs
Paper : 201

Section A : - All ten questions are compulsory. Each questions is to be attempted in 50 words. Each question carries 2 marks.

Section B : - Attempt any three questions. Each question is to be attempted in 500 words. Each question carries 10 marks.
Section C :-  One question case study is compulsory and carries 20 marks.

Sec.-A

1. Define managerial economics.
2. Differntiate between micro and macro economics.
3. Define income elasticity of demand.
4. Explain law of diminishing marginal utility.
5. Define inferior and giffer goods.
6. Cross elasticity of demand.
7. A consumer buys 10 units of a good at a price of rs.6 per unit. Price elasticity of demand (-) 1. At which price will be buy 12 units.
8. What do you mean by social cost.
9. Define composite and derived demand.
10. Why demands curves slopes downward to the right?

Sec.-B

1. Define law of demand. Explain various factors that influence demand of commodity.
2. What do you understand by perfect competition market situation? How price and output are determined under it.
3. Define elasticity of demand. Describe types of elasticity and methods of calculation of elasticity of demand.
4. What is the unit cost. Describe relationship between average cost(AC), Marginal cost(MC), Average variable cost(AVC) and average fixed cost(AFC).
5. Explain with the help of diagram the law of diminishing returns.

Sec.-C

1. From the following data.
Measure total cost, Average fixed cost, average variable cost, average cost and marginal cost, also obtain curve for each type of cost.
Manufacturing of product 'X' incurred fixed cost of Rs.300/-
Output unit- 1 2 3 4 5 6
Variable cost 500 640 720 740 800 900