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MS-9 JUNE 2013

MS-9 : MANAGERIAL ECONOMICS

June 2013

 

SECTION-A

 

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Ms-9 june 2009

MS-9   June , 2009

MS-9 : Managerial economics

1. a) Explain in brief the opportunity cost principle. Give examples in support of your answer.

b) What is a Production Possibility Curve (PPC) ? Explain how it reflects the opportunity cost principle.

2. Explain briefly the following give examples :

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Ms-9 june 2007

MS-9   June , 2007

MS-9 : Managerial economics

1.Differentiate between 5 types of rnarket using the following characteristics :

(a) Number of independent sellers

b) seller concentration

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Ms-9 june 2008

MS-9   June , 2008

MS-9 : Managerial economics

1. Explain why the average cost curve is U-shaped. The long run average cost curve is always an envelope of short run average cost curves. Discuss.

2. Explain the equilibrium of a firm by using the marginal cost and marginal revenue curves. Why is the firm under perfect competition described as a price taker ?

3. Explain break-even analysis on the basis of its concept, use, drawbacks and advantages.

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Ms-9 june 2010

MS-9   June , 2010

MS-9 : Managerial economics

 

1. (a) Discuss the Laws of Returns to scale and describe the three stages of returns to

scale.

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Ms-9 june 2011

MS-9   June , 2011

MS-9 : Managerial economics

1. "The opportunity cost of anything is the return that can be had from the next best

alternative use". Elucidate the statement with reference to the opportunity cost principle

applied in agricultural sector.

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Ms-9 Dec 2007

MS-9   Dec, 2007

MS-9 : Managerial economics

1. What is the basic objective of a firm ? Distinguish between 'Accounting Profit and 'Economic Profit' with the help of an illustration.

2. What do you understand by demand forecasting while describing the regression method of demand forecasting explain why it is important for the firm to forecast demand

3. Distinguish between the following with the help of illustrations :

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Ms-9 Dec 2008

MS-9   Dec, 2008

MS-9 : Managerial economics

1. Explain the concept of price elasticity of demand and the relationship between price elasticity, total revenue and marginal revenue

2. Show graphical derivation of MP and AP curves from the total product function. Show also the three stages of production. What economic purpose do the stages

of production serve ?

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Ms-9 Dec 2009

MS-9   Dec, 2009

MS-9 : Managerial economics

 

1. Distinguish between profit maximisation and value maximisation giving examples.

2 (a) Briefly explain the concept of price elasticity of demand giving suitable examples.

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Ms-9 Dec 2010

MS-9   Dec, 2010

MS-9 : Managerial economics

1. (a) Discuss the relation between the average product, marginal product and total product in the short run.

(b) How do these support the application of the law of variable proportion to the firm ? Give example.

2. (a) Why is the long run average cost curve called an "envelope curve" ?

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Ms-9 Dec 2011

MS-9   Dec, 2011

MS-9 : Managerial economics

1. One of the most significant business and economic trends of the late twentieth century

is the rise of 'global' or 'stateless'. Corporation critically comment on the statement taking examples from the real world firms.

2. (a) Discuss the concept and features of monopolistic competition giving examples.

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