1052
(Pages
P.T.O.
MAR IVANIOS COLLEGE (AUTONOMOUS)
THIRUVANANTHAPURAM
Reg. No. :.………………… Name:………………….
First Semester B.Voc. Degree Examination, January 2016
First Degree Programme under CSS
General Course III: (for Software Development)
AUSD162: Managerial Economics
Time: 3 Hours Max. Marks: 80
SECTION A
Answer ALL questions in one or two sentences.
1. What do you mean by Marginal Utility
2. What is meant by Delphi Method
3. What do you mean by Elasticity of Demand
4. What is meant by Cross Elasticity of Demand
5. What do you mean by Iso quant
6. Explain the concept called Marginal Revenue.
7. What do you mean by Business Cycle
8. What do you mean by skimming price
9. Explain the term Monopoly.
10. What is meant by Marginal Cost
(10 x 1 10 Marks)
SECTION B
Answer any EIGHT questions, not exceeding a paragraph of 50 words.
11. State the Law of Diminishing Marginal Utility.
12. What are the exceptions to the Law of Demand
13. Explain Income Elasticity of Demand.
1052
2
14. What do you mean by a production function
15. What is meant by Marginal Rate of Technical Substitution
16. Explain Economies of Scale.
17. What is meant by Opportunity Cost
18. Explain Price Discrimination.
19. What is Oligopoly
20. What do you mean by Recession
21. What is Demand Forecasting
22. What do you mean by Variable Cost Give an example.
x 2 16 Marks)
SECTION C
Answer any SIX questions, in a page of 100 words.
23. What are the criteria of a good Forecasting Method
24. What are the reasons for the operation of the Law of Demand
25. Explain different types of Price Elasticity.
26. Explain Iso cost Line.
27. Explain the characteristics of Monopolistic Competition
28. Explain the important methods of Business Forecasting.
29. Explain the different phases of a Business Cycle.
30. Explain the Law of Equi marginal Utility.
31. What are the fundamental concepts that aid business decisions
x 4 24 Marks)
SECTION D
Answer any TWO questions, not exceeding four pages.
32. Explain in detail the methods of Demand Forecasting.
33. Discuss the Economies and Diseconomies of Scale.
34. Discuss the various determinants of price of a product or service.
35. Explain the meaning, causes and effects of Business Cycles.
x 15 30 Marks)