2011 (August)
Paper: 105
Full Marks: 80
Time: 3 hours
1. (a)
“ A managerial economist takes two types of decision, i.e., specific decisions
and general decisions.” Discuss about the various decisions taken by the
managerial economist in a large firm. 16
Or
(b) Distinguish between economic theory and Managerial economics with
suitable examples.
2. (a)
What do you mean by Individual Demand and Market demand? Discuss in detail
about the determinants of Individual demand and Market Demand. 16
Or
(b) What is income elasticity of demand? Discuss the various types of
Income elasticity of Demand. 6+10=16
3. (a)
Explain the term “Demand Forecasting”. What are the criteria to be taken into
consideration for choosing a good demand forecasting method? Explain those
criteria. 6+10=16
Or
(b) Write short notes on the following: 8x2=16
i.
Demand Estimation of Capital (Producer’s) goods
ii.
Sample survey method of demand forecasting
4.
(a)Explain briefly any two of the following: 8x2=16
i.
International Price discrimination and dumping
ii.
Transfer Pricing
iii.
Pricing Policy of large enterprises
iv.
Administered Pricing
Or
5. (a)
“Demand Pull Inflation is a situation when the market demand rises more rapidly
than the production potential of the economy”. In the light of the above
statement, discuss about demand pull inflation.
16
Or
(b) “Cyclical fluctuations are necessary for economic growth.” Discuss
the statement.
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