MCO-021 · December 2022 · English
IGNOU MCO-021 December 2022 Previous Year Question Paper
MANAGERIAL ECONOMICS
Structured previous year question paper for MCO-021, December 2022 session.
Max marks: 100 · Questions: 10
Verified: 8 Sept 2026
MASTER OF COMMERCE (M.Com.)
Term-End Examination
December, 2022
MCO-021 : MANAGERIAL ECONOMICS
Time : 3 hours Maximum Marks : 100
Note : Attempt any five questions. All questions carry
equal marks.
Q1.(a) Explain various types of price e lasticity of demand with suitable examples. 10
(b) Discuss the determinants of price elasticity of demand with examples.
Q2.Explain the law of diminishing marginal returns with suitable examples.
Q3.Explain with the help of diagram , profit maximising output in the long run.
Q4.Explain with suitable example, the following : 20
(a) Direct costs and Indirect costs
(b) Total cost, Average cost and Marginal cost
(c) Fixed costs and Variable costs
(d) Short-run costs and Long-run costs
Q5.Explain the concept of monopolistic competition.
Q6.Describe price and output determination in short run in monopolistic competition firm , with the help of diagrams.
Q7.Describe the concept of price discrimination and its three types with suitable example.
Q8.Explain the optimization concept while choosing the best alternative, with examples. Also explain the constraint optimization technique.
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