MMPC-010 · December 2023 · English
IGNOU MMPC-010 December 2023 Previous Year Question Paper
MANAGERIAL ECONOMICS
Structured previous year question paper for MMPC-010, December 2023 session.
Max marks: 100 · Questions: 9
Verified: 11 Sept 2026
MASTER OF BUSINESS
ADMINISTRATION (MBA)/MASTER OF
BUSINESS ADMINISTRATION
(BANKING AND FINANCE) (MBF)
Term-End Examination
December, 2023
MMPC–010 : MANAGERIAL ECONOMICS
Time : 3 Hours Maximum Marks : 100
(Weightage : 70%)
Note : Answer any five questions. All questions
carry equal marks.
Q1.What is fundamental nature of Managerial Economics ? Discuss with reference to the three choice problems of an economy.
Q2.“The opportunity cost principle is the return that can be had from the next best alternative use.” Explain this statement with the help of an example.
Q3.What are the variables in the demand function which have an influence on th e demand of a particular product ? Discuss.
Q4.Differentiate between arc price elasticity and point price elasticity ? Explain.
Q5.Explain production function framework.
Q6.Differentiate between short-run and long-run.
Q7.Explain the difference in the followi ng costs and discuss their role in managerial decision - making :
(i) Accounting and Economic costs
(ii) Implicit and Explicit costs
Q8.Explain the factors determining the nature of competition in a market.
Q9.Explain the pricing under a perfectly competitive market.