CLASS: M.A. H.R.M
12N/399
St. JOSEPH’S COLLEGE (AUTONOMOUS) TIRUCHIRAPPALLI – 620 002
SEMESTER EXAMINATIONS – NOVEMBER 2012
TIME: 3 Hrs.
MAXIMUM MARKS: 100
SEM
SET
PAPER CODE
TITLE OF THE PAPER
I
2012
12PHR1105
MANAGERIAL ECONOMICS
SECTION – A
Answer all the questions: (about 50 words each)
10 x 2 = 20
1.
Define Managerial Economics.
2.
What is pricing decisions policies?
3.
What are the factors determining market share?
4.
Explain three basic factors influencing the demand for goods.
5.
What are the distinctive types of demand elasticity?
6.
Explain the determination of the break-even point.
7.
Profit is the reward for bearing risks and uncertainty – Explain.
8.
Which may affect price decisions?
9.
What is profit?
10.
What is profit maximization?
SECTION – B
Answer all the questions: (about 150 words each)
11.
a.
5 x 4 = 20
Explain meaning and scope of managerial economics.
OR
12.
b.
What is the difference between economic theory and managerial economics?
a.
What are the factors determining price elasticity of demand?
OR
13.
b.
What are the factors involved in demand for casting?
a.
Explain Iso quarts and different types of Iso quants.
OR
b.
Explain production function.
14.
a.
How to determination of price.
OR
15.
b.
Explain Government intervention in price fixing.
a.
Explain the basic postulates of the theory of the firm.
OR
b.
Explain India’s Trade policy.
SECTION – C
Answer any FOUR questions: (about 500 words each) 4 x 15 = 60
(Question -20 compulsory)
16.
Discuss optimization.
17.
Explain demand forecasting.
18.
What are the methods of input - output analysis?
19.
Explain pricing under perfect and imperfect competitions.
20.
Case study:
The Supreme Court has constructed a nation wide uniform delivered price as non
discriminatory in the legal sense. Under zone pricing delivered prices are uniform with in
specified areas and differ systematically among areas. If price zones do not coincides with
transport rate zones then pricing with in each zone has the properties of postage stamp pricing.
Under single basis point systems all plants regardless of their location, calculated the delivered
price of the product by adding to a base point the cost of rail transportation form a single
pricing point. A number of productivity centers are designed as basing points. The delivered
price is computed by starting with the base price at the nearest basis point and adding standard
transportation cost from that basis point.
1. List out the types of pricing strategies.
2. Explain the viability of zone pricing in the present economic
situation.
3. Bring out the impact of geographical pricing in Indian economy.
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