MS 09 Managerial Economics Model Paper

MBA - Master of Business Administration

Note: Attempt any five questions. All questions carry equal marks.

1. Discuss the scope of managerial economics and relate it with different disciplines.

2. Discuss the concept of production function with one variable input along with illustrations.

3. Discuss any three methods of dealing with uncertainty. Illustrate with relevant examples.

4. Explain any five of the following:

a) Economic profit

b) Cartel Profit Maximization

c) Price Rigidity

d) Economic Rationality

e) Derived demand

f) Cost reduction and cost control

5. The opportunity cost to a firm of using a resource is zero when the market value of the resources is zero'. Discuss the statement using relevant examples.

6. Briefly outline the statistical method of estimating cost function.

7. 'Price leadership is an alternative cooperative method used to avoid tough competition'. Comment.

Share and Recommend