B.B.A. LL.B. (Five Years) Sem 1 Managerial Economics 2025 Jan (100 marks) Question Paper - KSLU

Questions asked in this paper

1. Q1 Discuss the role of managerial economist.
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2. Q2 Explain the law of variable proportions with help of diagram.
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3. Q3 Define pricing. Explain the various methods of pricing with examples.
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4. Q4 What is monopolistic competition ? Explain the short-run equilibrium of a firm under monopolistic competition.
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5. Q5 Define capital budgeting. Discuss the process of capital budgeting.
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6. Q6 Explain the economies and diseconomies of large-scale production with suitable diagram.
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7. Q7 What is demand ? Explain demand schedule with diagram.
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Write a short note on any two of the following :

1. Q8 (a) Production function.
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2. Q8 (b) Equi-marginal principle.
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3. Q8 (c) Profitability index method.
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Solve any two of the following problems :

1. Q9 (a) Calculate 3 yearly moving averages for the following data.
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2. Q9 (b) i) The Price of 'X' commodity falls from ₹ 10 per unit to ₹ 8 per unit. As a result sales increase from 2000 units to 3000 units and total revenue increased from ₹ 20,000 to ₹ 24,000. Calculate incremental and marginal revenue. ii) Cost of production of 'Y' commodity reduced from ₹ 15 per unit to ₹ 10 per unit. As a result total number of units produced increased from 150 units to 200 units and total production cost decreases from ₹ 2,250 to ₹ 2,000. Calculate incremental and marginal cost.
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3. Q9 (c) Assume a firms output depends on the quantity of its variable. Input (L) given your knowledge of production theory, fill in the gaps in the table below.
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.