MBA Previous Year Question Paper Aktu: BMB 102 Managerial Economics

MBA Previous Year Question Paper Aktu: BMB 102 Managerial Economics

BMB 102 Managerial Economics MBA Previous Year Question Paper

Note: 1. Attempt all Sections. If require any missing data; then choose suitably.

SECTION A

1.

Attempt all questions in brief.

2 × 7 = 14

a.	Define Managerial Economics.
b.	Calculate the opportunity cost of a machine to be used only for one purpose.
c.	Explain Delphi method of demand forecasting.
d.	Briefly explain the Envelop curve.
e.	Write an example of Marginal Cost.
f.	Explain with example meaning of Duopoly.
g.	Write four phases of Business Cycle.

SECTION B

2.

Attempt any three of the following:

7 × 3 = 21

a.	Analyze the use of Incremental concept and Time perspective principle in managerial decision making.
b.	Differentiate between Individual demand and Market demand, draw schedule and curve for explaining the concepts.
c.	Analyze the Economies of Scale to an FMCG company, as the scale of operation is increasing from North India to whole Indian market.
d.	With the help of suitable diagrams explain the Total Revenue, Average Revenue and Marginal Revenue in Monopolistic market.
e.	Elaborate the meaning and causes of Inflation. Suggest any two measures to control Inflation.

SECTION C

3.

Attempt any one part of the following:

7 × 1 = 7

(a)	“Managerial Economics has two branches Micro Economics and Macro Economics – they are different however linked to each other”. Justify the statement.
(b)	Elaborate the law of Diminishing Marginal Utility, also mention its assumptions and applications.

4.

Attempt any one part of the following:

7 × 1 = 7

(a)	Analyze the concept of Price Elasticity of Demand, draw diagrams to explain its types.
(b)	Mirochef is planning to launch a consumer friendly machine for Roti making, targeted at modern nuclear families. Recommend any two qualitative demand forecasting methods suitable for this product.

5.

Attempt any one part of the following:

7 × 1 = 7

(a)	Elaborate the three stages in the law of Variable Proportion. Draw a diagram to explain the concept.
(b)	In Production and Cost analysis, explain the changes in cost as production is increased. Describe the changes in costs and decision regarding equilibrium point in the above context.

6.

Attempt any one part of the following:

7 × 1 = 7

(a)	Discuss the main features of Oligopoly market condition. Analyze the Kinked Demand curve formation in Oligopoly.
(b)	Explain the pricing and output decision in Discriminating Monopoly market condition.

7.

Attempt any one part of the following:

7 × 1 = 7

(a)	Elaborate the four phases in Business Cycle. Discuss causes for formation of these phases and recommend the measures to control the unfavourable phases of Business Cycle.
(b)	Analyze the circular flow of income in four sectors of the economy.

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This AKTU MBA previous year question paper has Sections A, B, and C, and each section covers important management topics to help you prepare well for the exam.