07.04.2004
1.00 - 4.00
LOYOLA COLLEGE (AUTONOMOUS), CHENNAI –600 034
M.Com., DEGREE EXAMINATION - COMMERCE
SECOND SEMESTER – APRIL 2004
CO 2802/C 821 - MANAGERIAL ECONOMICS
Max:100 marks
SECTION - A
Answer ALL questions in not more than 3 lines each
(10  2 = 20 marks)
1. What is economic cost?
2. What is opportunity cost?
3. What is abandonment cost?
4. What is marginal cost?
5. What is semi-variable cost?
6. State any 2 characteristic of demand for producer's goods.
7. State any 2 purposes for undertaking long-term demand forecasting.
8. State any 2 economic indications which can be used for demand forecasting.
9. What is normal profit?
10. Briefly state demand behavior for Veblen goods.
SECTION - B
Answer FIVE questions in not more than 2 pages each
(5  8 = 40 marks)
11. Explain the factors, which determine the market share of an enterprise.
12. Explain with graphs, the different types of price-elasticities of Demand.
13. Write a note on the Responsibilities of a managerial economist.
14. explain the different ways in which monopoly power can be got.
15. Explain the conditions necessary, for a monopolist to successfully undertake price
discrimination.
16. What are the wastes of monopolistic competition.
17. Explain the internal and external profit limiting factors.
18. Explain the various phases of a business cycle.
SECTION - C
Answer TWO questions in not more than 4 pages each
(2  20 = 40 marks)
19. Explain the derivation of the following with the help of graphs:
a) An ISO - product curve
b) An ISO- product Map
c) The budget line
d) The producer's equilibrium under ISO- product curve analyze.
20. Explain the following with graphs as under Perfect Competition:
a) Short - term supernormal profit equilibrium
b) Short- term minimum loss equilibrium
c) Long- term normal profit equilibrium
21. a) What is Oligopolistic price leadership?
b) Explain the 3 types of price leadership.
c) Explain price-ouput determination under oligopolistic price leadership with graph.
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