No.

of Printed Pages : 4 MCO-021

MASTER OF COMMERCE (M.Com.)

Term-End Examination
June, 2022

MCO-021 : MANAGERIAL ECONOMICS

Time : 3 hours Maximum Marks : 100

Note : Attempt any five questions. All questions carry

equal marks.

1. ‘‘Managerial economics is economics applied in

decision-making.’’ Justify the statement with
suitable examples. 20

2. Discuss various determinants of demand with

the help of diagrams and examples. 20

3. Discuss with diagrams and examples the ‘‘Law

of Diminishing Marginal Returns’’. 20

4. Discuss the characteristics used to classify

market structures. 20

5. Explain marginal cost and incremental cost,

with suitable example. Also state the difference
between these two cost concepts. 10+10

MCO-021 1 P.T.O.
6. (a) Discuss the managerial uses of production
function with suitable examples. 8

(b) Describe the limitations of different types of

statistical analysis used in the estimation of
production function. 12

7. Describe the features of the oligopolistic

competition. Also discuss the price rigidity in
oligopolistic competition, with diagrams and
examples. 20

8. Write explanatory notes on any two of the

following : 10+10
(a) Opportunity Cost

(b) The Invisible Hand

(c) Peak Load Pricing
(d) Uncertainty Analysis and Decision-making

MCO-021 2
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{ZU©`Z _| h¡ &’’ Bg H$WZ H$s Cn`wº$ CXmhaUm| g{hV nw{ï>
H$s{OE & 20

2. _m±J Ho$ {d{^Þ {ZYm©aH$m| H$s MMm© aoIm{MÌm| Ed§ CXmhaUm|

H$s ghm`Vm go H$s{OE & 20

3. ‘‘õmg_mZ gr_m§V à{V\$b Ho$ {Z`_’’ H$s aoIm{MÌm| Ed§

CXmhaUm| g{hV MMm© H$s{OE & 20

4. ~mµOma g§aMZmAm| Ho$ dJuH$aU Ho$ {bE Cn`moJ H$s OmZo

dmbr {deofVmAm| H$s MMm© H$s{OE & 20

5. gr_m§V bmJV Am¡a dY©_mZ bmJV H$s Cn`wº$ CXmhaU g{hV

ì`m»`m H$s{OE & BZ XmoZm| bmJV AdYmaUmAm| _| A§Va ^r
~VmBE & 10+10

MCO-021 3 P.T.O.
6. (H$) CËnmXZ \$bZ H$s à~§YH$s` Cn`mo{JVmAm| H$s MMm©
Cn`wº$ CXmhaUm| g{hV H$s{OE & 8

(I) CËnmXZ \$bZ Ho$ AmH$bZ _| Cn`moJ H$s OmZo dmbr

{d{^Þ àH$ma H$s gm§p»`H$s` {díbofU H$s gr_mAm|
H$m dU©Z H$s{OE & 12

7. Aënm{YH$mar à{V`mo{JVm H$s {deofVmAm| H$m dU©Z

H$s{OE & Aënm{YH$ma _| H$s_V AZå`Vm H$s aoIm{MÌm| Ed§
CXmhaUm| g{hV MMm© ^r H$s{OE & 20

8. {ZåZ{b{IV _| go {H$Ýht Xmo na ì`m»`mË_H$ {Q>ßn{U`m±

{b{IE : 10+10

(H$) Adga bmJV

(I) X BZ{d{µO~b h¡ÊS>
(J) nrH$ bmoS> H$s_V-{ZYm©aU
(K) A{ZpíMVVm {díbofU Ed§ {ZU©`Z

MCO-021 4
No. of Printed Pages : 4 MCO-021

MASTER OF COMMERCE (M.Com.)

Term-End Examination
December, 2022

MCO-021 : MANAGERIAL ECONOMICS

Time : 3 hours Maximum Marks : 100

Note : Attempt any five questions. All questions carry

equal marks.

1. (a) Explain various types of price elasticity of

demand with suitable examples. 10

(b) Discuss the determinants of price elasticity

of demand with examples. 10

2. Explain the law of diminishing marginal returns

with suitable examples. 20

3. Explain with the help of diagram, profit

maximising output in the long run. 20

MCO-021 1 P.T.O.
4. Explain with suitable example, the following : 20

(a) Direct costs and Indirect costs

(b) Total cost, Average cost and Marginal cost

(c) Fixed costs and Variable costs

(d) Short-run costs and Long-run costs

5. Explain the concept of monopolistic competition.

Describe price and output determination in
short run in monopolistic competition firm, with
the help of diagrams. 20

6. Describe the concept of price discrimination and

its three types with suitable example. 20

7. Explain the optimization concept while choosing

the best alternative, with examples. Also explain
the constraint optimization technique. 20

8. Write explanatory notes on the following : 10+10

(a) Scope of managerial economics

(b) Long-run and short-run production function

MCO-021 2
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{Xgå~a, 2022

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g_` : 3 KÊQ>o A{YH$V_ A§H$ : 100
ZmoQ> : {H$Ýht nm±M àíZm| Ho$ CÎma Xr{OE & g^r àíZm| Ho$ A§H$ g_mZ
h¢ &

1. (H$) {d{^Þ àH$ma H$s _m±J H$s H$s_V bmoM H$s Cn`wº$
CXmhaUm| g{hV ì`m»`m H$s{OE & 10

(I) _m±J H$s H$s_V bmoM Ho$ {ZYm©aH$m| H$s CXmhaUm| g{hV
MMm© H$s{OE & 10

2. õmg_mZ gr_m§V à{V\$b {Z`_ H$s Cn`wº$ CXmhaUm| g{hV

ì`m»`m H$s{OE & 20

3. XrK©H$mb _| bm^ A{YH$V_rH$aU CËnmXZ H$s aoIm{MÌ H$s

ghm`Vm go ì`m»`m H$s{OE & 20

MCO-021 3 P.T.O.
4. {ZåZ{b{IV H$s Cn`wº$ CXmhaU g{hV ì`m»`m H$s{OE : 20

(H$) àË`j bmJV Ed§ AàË`j bmJV

(I) Hw$b bmJV, Am¡gV bmJV Am¡a gr_m§V bmJV
(J) {Z`V bmJV Ed§ n[adVu bmJV
(K) AënH$mbrZ bmJV Ed§ XrK©H$mbrZ bmJV

5. EH$m{YH$mar à{V`mo{JVm H$s AdYmaUm H$s ì`m»`m

H$s{OE & aoIm{MÌm| H$s ghm`Vm go EH$m{YH$mar à{V`mo{JVm
\$_© _| AënH$mb _| H$s_V Am¡a CËnmXZ {ZYm©aU H$m dU©Z
H$s{OE & 20

6. H$s_V {d^oX AdYmaUm Am¡a BgHo$ VrZ àH$mam| H$m Cn`wº$

CXmhaU g{hV dU©Z H$s{OE & 20

7. g~go AÀN>o {dH$ën Ho$ M`Z _| AZwHy$bZ AdYmaUm H$s

ì`m»`m CXmhaUm| g{hV H$s{OE & à{V~§{YV AZwHy$bZ
VH$ZrH$ H$s ^r ì`m»`m H$s{OE & 20

8. {ZåZ{b{IV na ì`m»`mË_H$ {Q>ßn{U`m± {b{IE : 10+10

(H$) à~§YH$s` AW©emñÌ H$m {df`-joÌ

(I) XrK©H$mbrZ Ed§ AënH$mbrZ CËnmXZ \$bZ

MCO-021 4
No. of Printed Pages : 6 MCO-021

MASTER OF COMMERCE (M. COM.)

Term-End Examination
June, 2023
MCO-021 : MANAGERIAL ECONOMICS

Time : 3 Hours Maximum Marks : 100

Note : (i) Attempt any five questions.

(ii) All questions carry equal marks.

1. (a) Define Managerial Economics. Discuss its

scope. 2+8

(b) “Managerial Economics serves as a link

between traditional economics and the
decision-making sciences for business
decision-making.” Discuss. 10

2. (a) Explain the “Law of Demand” with the

help of „Demand schedule‟ and „Demand
curve’. 10

P. T. O.
 [2] MCO-021

(b) “Income effect and substitution effect are

particularly important in explaining the

negative slope of demand function.”

Discuss. 10

3. Explain the concept of price elasticity of

demand. Discuss the determinants of price

elasticity of demand. 20

4. Differentiate between demand estimation and

demand forecasting. Discuss the important

sources of data used in forecasting the

demand. 12+8

5. Explain production function. Discuss returns to

scale with the help of production function. 20

6. “The U-shaped long run average cost curve is

explainable in terms of economies of scale and

diseconomies of scale.” Discuss with the help of

graph. 20

7. Describe price determination and discuss its

types with the help of an example. 5+15

 [3] MCO-021

8. Write short notes on any four of the

following : 4×5=20

(a) Discounting principle

(b) Marginal rate of technical substitution

(c) Price leadership

(d) Implicit cost

(e) Short-run cost function

P. T. O.
 [4] MCO-021

MCO-021

2023

-021

(i)

(ii)

2+8
 [5] MCO-021

12+8

“U-

P. T. O.
 [6] MCO-021

5+15

4×5=20

MCO–021
No. of Printed Pages : 4 MCO-021

MASTER OF COMMERCE (M. COM.)

Term-End Examination
December, 2023
MCO-021 : MANAGERIAL ECONOMICS

Time : 3 Hours Maximum Marks : 100

Note : (i) Attempt any five questions.

(ii) All questions carry equal marks.

1. Discuss the „Profit Maximisation‟ and „Value

Maximisation‟ objectives of the firm with
suitable examples. 20

2. Differentiate between income elasticity and

cross elasticity of demand with the help of
suitable graphs and examples. 20

3. Explain cost function. Discuss the determinants

of cost function and the problems in its
estimation. 4+16

4. “Market selection process includes firm‟s entry,

its survival and finally the exit process.”

P. T. O.
 [2] MCO-021

Discuss the conditions of entry and barrier to

entry for a firm in different market structures.
20

5. Discuss the „Monopolistic Competition‟. How

will a firm determine its price and output in
short-run and long-run ? Discuss. 6+7+7

6. Differentiate between the following with

suitable examples : 10+10
(a) Accounting cost and Economic cost
(b) Historical cost and Replacement cost

7. What is „Demand Forecasting‟ ? Discuss various

techniques of demand forecasting. 5+15

8. Write short notes on any four of the

following : 4×5=20

(a) Cross elasticity of demand

(b) Opportunity cost principle

(c) Law of diminishing marginal utility

(d) Economies of scale

(e) Transfer pricing

 [3] MCO-021

MCO-021

2023
-021

(i)

(ii)

20

P. T. O.
 [4] MCO-021

4×5=20

³
MCO–021