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    EconomicsforManagers PYQ 2019

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    EconomicsforManagers PYQ 2019

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    Eco important

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    Eco important

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    © All Rights Reserved
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    4 views1 page

    EconomicsforManagers PYQ 2019

    Uploaded by

    2401002
    Eco important

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    INSTITUTE OF PUBLIC ENTERPRISE

    Shamirpet Campus : Hyderabad-sO01 01

    POST GRADUATE PROGRAMMES


    End Trimester Examinations : Oct Z01g

    Programme : PGPs Trimester : I

    Subject : Economics for Managers Time : 2 hours


    Code : 19104 Max Marks : 30
    Note: Answer all questions,

    Section -l Short Notes (6 x 1 = 6 marks)

    Q 1) Answer the following. The answer should not exceed 40 words.

    a) Explicit Cost d) Arc Elasticity


    b) Cross Price Elasticity e) Economic Value Added
    c) Define Market Equilibrium 0 Long run Production function

    Section -.ll The answer should not exceed 200 words. (4 x 3 = 12 marks)

    Q 2 a) Explain how b.usiness decisions are connectecl to Economics.


    OR
    b) How economic profits are different from accounting profits.

    Q 3 a) Critically discuss the law of variable proportions


    OR
    b) Explain why Fixed and Sunk Costs are irrelevant for business decisions

    Q 4 a) What is Price Discrimination? How does a monopolist indulge in price


    discrimination
    OR
    b) Explain though a graph the price output decisions of managers in a Perfect
    Competitive market.

    Q 5 a) Draw and define the Long run and Short run costs of a firm.
    OR
    b) Explain the Economies of Scope with relevant examples

    section: - lll {1 x 12 = 12 marks)


    Q 6 a) What are the features of Oligopoly Markets'i Explain collusion among
    Oligopolistic with a live exampie.
    OR
    b) Explain how product differentiation in Monopolistic Competition can create non
    price competition among firms. Explain the features of a Monopolistic competitive
    market. Do lndian FMCG market gives a glinrpse cf Monopolistic competiiion?

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