2010 (August)
Paper: 105
Full Marks: 80
Time: 3 hours
1. (a)
What do you understand by the term Managerial Economics? Discuss its Scope and
Function. 4+12=16
Or
(b) “Managerial Economics is economics applied in decision making.”
Discuss.
2.
(a) Distinguish between the following:
(i)
Industry Demand and Firm (Company) Demand.
(ii)
Durable goods demand and Non-Durable goods
Demand. 8*2=16
Or
(b) Explain the role of price, income, cross elasticities of demand in
business decisions. 16
3. (a)
How do demand forecasting methods for new products vary from those of established
products? Discuss briefly. 16
Or
(b) Outline the various steps which would be necessary if you were asked
to forecast demand for a typical mass consumption item. 16
4. (a)Discuss
in detail when price discrimination is possible. Do you think that price
discrimination is possible under perfect competition? Give reasons. 10+6=16
Or
(b) What do you
mean by pricing policy? Discuss the general considerations that are to be taken
into account for taking up a pricing policy.
6+10=16
5. (a)
Critically discuss the views that the trade cycle is purely a monetary
phenomenon. 16
Or
(b) Compare and Contrast on Demand pull inflation and Cost push inflation. 16