2009 (August)
Paper: 105
Full Marks: 80
Time: 3 hours
1. (a)
“ The Purpose of managerial economics is to show how economic analysis can be
used in formulating business policies”. – Comment on the above statement. 16
Or
(b) Write short notes on the following: 8x2
= 16
(i) Equi-Marginal Concept
(ii) Opportunity Cost.
2. (a)
What are the determinants of demand for consumer’s non-durable and durable
goods? Why is the demand for durable goods less stable than the demand for
non-durable goods? 5+5+6=16
Or
(b) what do you mean by elasticity of demand? Explain the significance of
elasticity of demand in managerial decision making. 6+10=16
3. (a)
What consideration would you take while forecasting demand for producer’s
goods? – Explain.
Or
(b) Discuss in brief the various statistical techniques used for demand
forecasting. 16
4. (a)
What do you understand by price discrimination? Discuss the advantages and
disadvantages of different types of price discrimination. 5+11=16
Or
(b) Explain the
method of marginal cost pricing. Also state the strengths and weakness of
marginal cost pricing. 6+10=16
5. (a)
What is meant by trade cycle? Explain the process of the boom, depression and
the recovery phases of trade cycle. 4+4+4+4=16
Or
(b) Write short notes on: 8x2=16
(i)
Types of inflation
(ii)
Factors responsible for business cycle