2017
(September)
COMMERCE
Paper: 105
(Managerial Economics)
Full Marks – 80
Time – Three Hours
The figures in the
margin indicate full marks for the questions.
1. (a) “Profit maximisation
remains the most important objective of business firms in spite of multiplicity
of alternative business objectives suggested by the modern economists.”
Comment. 16
Or
(b) What are
the major areas of business decision making? How does economic theory
contribute to managerial decision? Also discuss the importance of
microeconomics in the decision making process. 5+7+4=16
2. (a) How is market demand for a
commodity derived? Derive the market demand curve by assuming three individual
demand curves for a product. Explain the determinants of market demand. 3+5+8=16
Or
(b) Distinguish
between the following with illustration: 8+8=16
1)
Price elasticity and income elasticity.
2)
Arc elasticity and point elasticity.
3. Answer any four of the
following: 4x4=16
a)
Explain the scope of demand forecasting.
b)
Discuss four objectives of demand forecasting.
c)
Discuss the sample survey and test marketing
techniques of demand forecasting.
d)
Mention the difference between forecasting a new
product and an established product.
e)
Mention the criteria for the choice of a good
forecasting method.
4. (a) Explain the process of
price determination of a multi-plant producer. 16
Or
(b) (i) Explain
the degree of price discrimination. 10
(ii) Discuss
the factors under which price discrimination is possible. 6
5. (a) Define Inflation. Discuss
the demand side and supply side causes of inflation. How can demand-pull
inflation be controlled? 2+10+4=16
Or
(b) What is
Business cycle? Explain the features of business cycle. Discuss the measures
that can control business cycles. 3+5+8=16
***
Post a Comment
Kindly give your valuable feedback to improve this website.