MMPC-010 Managerial Economics Solved Question Paper June 2024

MMPC-010 Managerial Economics Solved Question Paper June 2024

Managerial Economics
Course Code: MMPC-010

1. Discuss in detail value maximization as an
objective of the firm. Give examples.
[ 2 ] MMPC–010
2. Discuss the importance of regression analysis
for a manager. Explain the process of specifying
the regression equation.
3. Differentiate between market demand curve
and individual demand curve. Explain with
examples.
4. Explain the following techniques of demand
forecasting :
(i) Expert opinion
(ii) Surveys
5. Explain the types of statistical analysis.
Discuss the limitations of different types of
statistical analysis.
6. Briefly differentiate between short-run cost
functions and long-run cost functions. Also use
diagrams to illustrate your answer.
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7. Briefly explain the important entry barriers.
What are the factors determining conditions of
entry ?
8. What is Monopolistic Competition ? Explain
price and output determination under
monopolistic competition in the short-run.