MS-9 June , 2007
MS-9 : Managerial economics
1.Differentiate between 5 types of rnarket using the following characteristics :
(a) Number of independent sellers
b) seller concentration
c) Product differentiation
(d) Conditions of entry
2.Describe the various types of price discrimination. Is price discrimination a characteristic of monopoly or perfect competition ? Explain.
3. (a) Explain and illustrate the various returns to scale.
(b) What is Operating Leverage ? Give examples.
4. Discuss various Demand Forecasting Techniques. Illustrate your answer with examples.
5. Write notes on any four of the following :
(a) Value maximisation
(b) Technical efficiency
(c) Peak load pricing
(d) Equilibrium price
(e) Price bundling
6. Fill in the blanks :
(i) If e > 1, the total revenue curve has a _____slope.
(ii) The value of total revenue reaches _________when elasticity is equal to 1.
(iii) If the demand is _______ do increase in price will result in a decrease of the total revenue.
(iv) Any straight line supply curve passing through the _______ has elasticity equal to one.
