(Following Paper ID, Subject code & Roll No. to be filled in your answer book) 2.

2. Attempt any four questions

(4x5=20)
Subject Code: PGDM16-102 Roll No.
a) Write the difference between Economics and Managerial
PGDM 1st (Odd) Semester economics?
THEORY EXAMINATION (2016-17) b) Explain the scope of managerial economics?
MANAGERIAL ECONOMICS c) Explain the Functions and Responsibilities of managerial
Time: 3:00 Hrs. M.M. 70
economist?
d) Define the method of demand forecasting?
(SECTION A)
e) Explain the Law of Demand writes its assumptions.
1. Attempt all the questions
f) Write the difference between perfect competition and
(10x2=20)
monopolistic competition
a) Define managerial Economics?
b) Micro economics (SECTION C)
c) Demand
d) Law of demand 3. Attempt any three questions:
e) Price (3x10=30)
f) Market
g) Fiscal policy a) Define the term production. Explain the Law of return to
h) Monetary policy scale.
i) Variable cost b) Explain types of market structures. Define Monopoly.
j) Implicit cost c) Define National Income? Write the method of calculating
national income.
(SECTION- B) d) What is Elasticity of demand? Briefly define Price elasticity
of demand?