MCO-021 · June 2022 · English
IGNOU MCO-021 June 2022 Previous Year Question Paper
MANAGERIAL ECONOMICS
Structured previous year question paper for MCO-021, June 2022 session.
Max marks: 100 · Questions: 10
Verified: 8 Sept 2026
MASTER OF COMMERCE (M.Com.)
Term-End Examination
June, 2022
MCO-021 : MANAGERIAL ECONOMICS
Time : 3 hours Maximum Marks : 100
Note : Attempt any five questions. All questions carry
equal marks.
Q1."Managerial economics is economics appl ied in decision-making." Justify the statement with suitable examples.
Q2.Discuss various determinants of demand with the help of diagrams and examples.
Q3.Discuss with diagram s and examples the "Law of Diminishing Marginal Returns".
Q4.Discuss the characteristics used to classify market structures.
Q5.Explain marginal cost and incremental cost , with suitable example. Also state the difference between these two cost concepts.
Q6.(a) Discuss the managerial use s of production function with suitable examples. 8
(b) Describe the limitations of different types of statistical analysis used in the estimation of production function.
Q7.Describe the features of the oligopolistic competition. Also discuss the price rigidity in oligopolistic competition , with diagrams and examples.
Q8.Write explanatory notes on any two of the following : 10+10
(a) Opportunity Cost
(b) The Invisible Hand
(c) Peak Load Pricing
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