MCO-021 · December 2023 · English
IGNOU MCO-021 December 2023 Previous Year Question Paper
MANAGERIAL ECONOMICS
Structured previous year question paper for MCO-021, December 2023 session.
Max marks: 100 · Questions: 8
Verified: 8 Sept 2026
MASTER OF COMMERCE (M. COM.)
Term-End Examination
December, 2023
MCO-021 : MANAGERIAL ECONOMICS
Time : 3 Hours Maximum Marks : 100
Note :
(i) Attempt any five questions.
(ii) All questions carry equal marks.
Q1.Discuss the „Profit Maximisation‟ and „Value Maximisation‟ objectives of the firm with suitable examples.
Q2.Differentiate between income elasticity and cross elasticity of demand with the help of suitable graphs and examples.
Q3.Explain cost function. Discuss the determinants of cost function and the problems in its estimation.
Q4.“Market selection process includes firm‟s entry, its survival and finally the exit process. ” Discuss the conditions of entry and barrier to entry for a firm in different market structures.
Q5.Discuss the „Monopolistic Competition‟. How will a firm determine its price and output in short-run and long-run ? Discuss. 6+7+7
Q6.Differentiate between the following with suitable examples : 10+10
(a) Accounting cost and Economic cost
(b) Historical cost and Replacement cost
Q7.What is „Demand Forecasting‟ ? Discuss various techniques of demand forecasting.
Q8.Write short notes on any four of the following : 4×5=20
(a) Cross elasticity of demand
(b) Opportunity cost principle
(c) Law of diminishing marginal utility
(d) Economies of scale
(e) Transfer pricing