Loyola College M.Com April 2007 Managerial Economics Question Paper PDF Download

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

TH 42

M.Com. DEGREE EXAMINATION – COMMERCE

SECOND SEMESTER – APRIL 2007

CO 2802 / CO 2900 – MANAGERIAL ECONOMICS

 

 

Date & Time: 27/04/2007 / 1:00 – 4:00      Dept. No.                                            Max. : 100 Marks

 

 

 

SECTION – A                                     2 x 10 = 20

 

Answer All questions in not more than 3 lines each.

 

  1. State any 2 distinctions between producers goods and consumers goods.
  2. What is the difference between derived demand and autonomous demand?
  3. State any 3 factors that determine market share.
  4. What is a shut down cost?
  5. What are abandonment costs?
  6. What are postponable costs?
  7. Explain the Veblen effect.
  8. Briefly explain the Giffen’s paradox.
  9. Why is AR=MR=P in Perfect competition?
  10. What is Normal Profit?

 

SECTION – B                                                 5 x 8 = 40

 

Answer any 5 in not more than 2 pages each.

 

  1. Explain the Criteria for a good demand forecasting method.
  2. Write a note on the different kinds of pollution.
  3. Write a note on Demand determinants.
  4. What is the role of a managerial economist in a modern business enterprise?
  5. Briefly explain the phases of a business cycle.
  6. Explain Short term Price-Output determination.
  7. What are the characteristics of a monopoly market?
  8. Explain the 3 types of Oligopolistic price leadership.

 

SECTION – C                                   2 x 20 = 40

 

Answer any 2 in not more than 4 pages each.

 

  1. What are the features of a perfectly competitive market?
  2. Write a note on the Scope of managerial economics.
  3. Explain the following equilibrium an under monopolistic competition:

(a) Short term supernormal profit.

(b) Short term minimum loss equilibrium.

(c) Long term normal profit equilibrium.

 

 

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