MB0042- MANAGERIAL ECONOMICS

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ASSIGNMENT QUESTION PAPER
DRIVE WINTER 2014
PROGRAM MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2
SEMESTER 1
SUBJECT CODE & NAME MB0042- MANAGERIAL ECONOMICS
BK ID B1625
CREDIT & MARKS 4 Credits, 60 marks
Q.No Questions Marks Total Marks
1 What is production function and its uses? Explain the two types of production
functions.
Production function and its uses 3
Two types of production functions 7 10
2
Monopoly is the situation there exists a single control over the market producing a
commodity having no substitutes with no possibilities for anyone to enter the
industry to compete. In that situation, they will not charge a uniform price for all
the customers in the market and also the pricing policy followed in that situation.
Define Monopoly 2
Features of Monopoly 4
Kinds of Price Discrimination 4 10
3 A cost-schedule is a statement of variations in costs resulting from variations in the levels of
output and it shows the response of costs to changes in output. If we represent the
relationship between changes in the level of output and costs of production, we get different
types of cost curves in the short run. Define the kinds of cost concepts like TFC, TVC, TC,
AFC, AVC, AC and MC and its corresponding curves with suitable diagrams for each.
kinds of cost concepts like TFC, TVC, TC, AFC, 7
AVC, AC and MC and its corresponding curves
suitable diagrams 3 10
4
Inflation is a global Phenomenon which is associated with high price causes decline
in the value for money. It exists when the amount of money in the country is in
excess of the physical volume of goods and services. Explain the reasons for this
monetary phenomenon.
Define Inflation 2
Causes for Inflation 8 10
5 Discuss the practical application of Price elasticity and Income elasticity
of demand.
Practical application of price elasticity 5
Practical application of Income elasticity 5 10

 

6. Discuss the scope of managerial economics.
Definition of Managerial Economics 2
Scope of Managerial Economics 8 10

 

Note – Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

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