a2zpapers.
com
Exam. Code 217601
Subject Code 4600
[Link]. I st Semester
MANAGERIAL ECONOMICS
[Link]
Paper-MC-IOI
Time Allowed-3 Hours] [Maximum Marks-l 00
Note :- Attempt five questions, selecting at least one question
from each [Link] fifth questionmay be attempted
from any Section. Each question carries 20 marks.
SECTION-A
1. Management economics is the discipline which deals with
the application of 'economic theoryto business management'.
Comment.
2. Explain the law of demand with the help of demand
schedule and demand curve. Explain why does the demand
curve slope downward. Also give exceptions to law of
demand.
SECTION-B
3. What are indifference curves? Explain various properties
of [Link]. Also give importance of indifference
curve analysis.
4. Explain the law of variable proportions. Discuss its stages
with the help of table and a diagram. Which stage is best
for production ?
4230(211S)/DAG-7069 1 (Contd.)
[Link] [Link]
oad free old Question papers gndu, ptu hp board, punjab
[Link]
SECTION-C
5. Explain the traditional theory of cost in short-run as well
as long-run with the help of table and diagram. Also
discuss the interrelations of short-run and long-run cost
curves.
[Link]
6. Discuss the theory of profit maximization and sales
maximization with the help of suitablediagrams.
SECTION-D
7. Defme national income. What are the various methods of
measuringnationalincome?Alsogivelimitationson national
mcome.
8. Discussthe demand-pulland cost-pushtheoryof inflation.
4230(2118)/DAG-7069 2 3200
[Link] [Link]
oad free old Question papers gndu, ptu hp board, punjab
