MMPC-010 Managerial Economics Solved Question Paper June 2022

MMPC-010 Managerial Economics Solved Question Paper June 2022

Managerial Economics
Course Code: MMPC-010

MASTER OF BUSINESS
ADMINISTRATION (MBA)
Term-End Examination
June, 2022

MMPC-010 : MANAGERIAL ECONOMICS
Time : Three Hours Maximum Marks : 100

Note : Attempt any five questions. All questions
carry equal marks.
1. Briefly discuss the nature and scope of
Managerial Economics.
2. How is profit maximisation an objective of the
firm ? Explain.
3. Explain the difference between firm’s demand
curve and market demand curve.
4. What are the major approaches to demand
measurement ?

5. Briefly explain production function with two
variable inputs.
6. What are the cost concepts frequently used in
the managerial decision-making process ?
Briefly discuss.
7. How does economies of scale differ from
economies of scope ? Explain with examples.
8. Explain the characteristics of Perfect
Competition. How is equilibrium output and
price determined under perfect competition in
the long-run ?