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PG - 856
trSemester M.B.A. Deg ree Examination, AugusUSeptemb er 2021
(CBCS Scheme)
(2014-15 and Onwards)
MANAGEMENT
Paper - 1.1 : Economics Fqr Managers
Time : 3 Hours Max. Marks : 70

SECTION _ A

Answer any five of the following. Each question carries five marks;

1. What are the different kinds of Economic decisions of a firm ?
ffi
2. Explain the features of production lsoquants.

3. What is price elasticity ? As a iesult of 10 percent fall in price of goods, its
demand rises from 100 units to 120 units. Find out the price elasticity of demand.

4. Distinguish between extension of demand and increase in demand.

5. Briefly explain cyert and march behavioral theory of firm.

6. Briefly explain moOein theory of rent

7. Distinguish between GNP and GDP.

SECTION - B

Answer any three questions. Each question carries 10 marks. (3x10=30)

B" Analyze the conditions under which a firm would be in a position of equilibrium
in the short run and long run under perfect market competition. Discuss and
show with the help of suitable diagrams.

9. From the following data pro.lect the trend value of export sales for the year 2021.
Years 2014 2415 2016 2017 201 8 2019 2020
Export Sales (Units) 120 140 150 170 190 200 227

10. Discuss the degrees of price discrimination practices in domestic and international
markets. p.T.o.

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