Dibrugarh University (M.Com - Distance) - Managerial Economics (Aug' 2016)

Paper: 105
(Managerial Economics)
Full Marks – 80
Time – Three Hours
The figures in the margin indicate full marks for the questions.

1. (a) Define managerial economics. Discuss the roles and responsibilities of a business analyst.                                 6+10=16

(b) What do you mean by business decision? Briefly mention about the decision making process and also state about the different models of decision making.                                      3+5+8=16
2. (a) What are the different types of elasticity of demand? Discuss about the importance of elasticity of demand for a consumer, a producer and the government.                                       6+10=16
(b) What do you mean by increase or decrease in demand? Explain it with the help of a graph and a table. Also discuss about the factors that determine elasticity of demand.                                  6+10=16
3. (a) Define demand forecasting with its main features. What are the uses of demand forecasting?        6+10=16
(b) What method would you suggest to forecast the demand for a new product? Also explain the criteria of a good forecasting method.                                       10+6=16
4. (a) What is discriminating monopoly? How is it different from normal monopoly? Explain both the concepts with appropriate diagrams.                                   2+4+10=16
(b) Compare and contrast between monopoly and monopolistic competition.                                16
5. (a) Briefly discuss about the different theories of business cycle.                                          16
(b) Explain the concept of inflation. Explain the various measures that can be used to control inflation.               6+10=16

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