Dibrugarh University (M.Com - Distance) - Managerial Economics (Aug' 2008)

2008 (August)
Paper: 105
Full Marks: 80
Time: 3 hours

1.       (a) “ Managerial economics is the integretion of economic theories with business practice for the purpose of facilitating decision making and forward planning by managers”. Comment on the statement with examples.     16

(b) Distinguish between economic theory and Managerial economics with real life examples.                    16

2.       (a) Why demand analysis is essential for successful production planning and capital expansion? Explain.                               16
(b) State the law of demand. What are the exceptions to it?                                       10+6=16

3.       (a) Discuss the determinants of demand for consumer durable items like washing machine.                        16
(b) What is the purpose of forecasting? Discuss the steps involved in demand forecasting.           4+12=16

4.       (a)”Pricing in practice is completely divorced from the theory of the firm.” Explain with examples.            16
(b) What do you understand by transfer pricing? How transfer price is determined? Explain.       4+12=16

5.       Explain any one of the following theories with assumptions and examples:
(a)    Demand pull theory of Inflation.
(b)   Cost push theory of Inflation.

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