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    MS 09

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    04vaidehi
    This document provides information and questions for a management program term-end examination in Managerial Economics. It consists of 8 questions covering topics such as defining managerial economics and its role in decision making, the importance of variables and constants, demand functions, value maximization vs profit maximization, oligopoly, relationships between total output, marginal product and average product curves, differences between accounting and economic costs, determinants of a cost function and methods to estimate it, and factors that determine the nature of competition in a market. Students are instructed to answer any 5 of the 8 questions provided.

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    MS 09

    Uploaded by

    04vaidehi
    21 views2 pages
    This document provides information and questions for a management program term-end examination in Managerial Economics. It consists of 8 questions covering topics such as defining managerial economics and its role in decision making, the importance of variables and constants, demand functions, value maximization vs profit maximization, oligopoly, relationships between total output, marginal product and average product curves, differences between accounting and economic costs, determinants of a cost function and methods to estimate it, and factors that determine the nature of competition in a market. Students are instructed to answer any 5 of the 8 questions provided.

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    This document provides information and questions for a management program term-end examination in Managerial Economics. It consists of 8 questions covering topics such as defining managerial economics and its role in decision making, the importance of variables and constants, demand functions, value maximization vs profit maximization, oligopoly, relationships between total output, marginal product and average product curves, differences between accounting and economic costs, determinants of a cost function and methods to estimate it, and factors that determine the nature of competition in a market. Students are instructed to answer any 5 of the 8 questions provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    21 views2 pages

    MS 09

    Uploaded by

    04vaidehi
    This document provides information and questions for a management program term-end examination in Managerial Economics. It consists of 8 questions covering topics such as defining managerial economics and its role in decision making, the importance of variables and constants, demand functions, value maximization vs profit maximization, oligopoly, relationships between total output, marginal product and average product curves, differences between accounting and economic costs, determinants of a cost function and methods to estimate it, and factors that determine the nature of competition in a market. Students are instructed to answer any 5 of the 8 questions provided.

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    © All Rights Reserved
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    of 2

    No.

    of Printed Pages : 2 MS-09


    MANAGEMENT PROGRAMME
    Term-End Examination
    December, 2022
    MS-09 : MANAGERIAL ECONOMICS

    Time : 3 Hours Maximum Marks : 100

    Note : Answer any five questions. All questions


    carry equal marks.

    1. Define Managerial Economics. How does it help


    in decision-making ? Explain with the help of
    examples.

    2. Explain the importance of variables and


    constants in business decisions. Give examples
    in support of your answer.

    3. What is a demand function ? How does it help


    in business decision-making ? Explain with the
    help of an illustration.

    4. Write short notes on the following :


    (a) Value maximization vs. Profit
    maximisation
    (b) Oligopoly

    P. T. O.
    [2]

    5. Explain the relationship between Total Output


    (TP), Marginal Product (MP) and Average
    Product (AP) curve using an illustration.

    6. Differentiate between accounting costs and


    economic costs. Support your answer with the
    help of an example.

    7. (a) List and explain the determinants of a cost


    function.

    (b) What methods can be used to estimate the


    cost function ? Discuss.

    8. What are the factors that determine the nature


    of competition in a market ? Discuss.

    MS–09

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