Reg. No.

L34 S 2L C
FOUR YEAR B.TECH. DEGREE EXAMINATION * APRII, 2015.

FOURTH SEMESTER EXAMINATION

MANAGE RIAL

Eco

No MI c s

IP

ffi,

LE

s o F AC c o LIi\ITANCY

iXiil{c

(scHEME

2013)

(Common to CE & EEE)

Time:S

Max' Marhs :70

Hours

Note : Question No. 1 is compulsory and

Answ*

it must

be answered frrst in sequence at one

,"r r;;;"r,::the

remaining

Question No. 1 carries 10 marks and remaining questions carry 15 marks each.

(10x1=10)

1. (a) An industry und.er perfect competition in the short run, reaches the
position of equiJibrium. When all firms in the industry are producing an
,
equilibrium level of output at which

(1) AR = AC
(iii) MR = AR
(b)

(ii)
(iv)

MB = MC
MC = AC

Which of the following is defined as the study of the aggregate economy

studied as a whole?

(i)
(ii)
(iii)
(iv)

Mathematical economics
Econometrics
Macro economics

Micro economics

(c)

Output behaviour in the long run in relation to the variations in factor

input is called

(d)

When a firm's Avirage Revenue (A.R) iq equal to its Average Cost (A.C),

it

gets

Turn Over

means large number of frrms producing goods that are

perfect substitutes.

(e)

(0

means a few firms that produce goods that are close

substitutes.

(g) A business

that provides goods or services without seeking profits for

distribution to individual members is a

(i) Not-for-profrt organization

(iil Partnership
(iii) Cooperative
(iv) Corporation

2.

3.

4.

(h)

The receiver of a benefit is to be

(l)

The ledger is a book of

(,)

Purchases account

(a)

Define managerial eeonomics. Explain

importance of managerial economics.

entry.

will always have

balance.

briefly about scope

(8)

(b)

What is demand analysis? Explain about law of demand in detail.

(a)
(b)

Define elasticity of demand. Explain about

(a)
(b)

and

it briefly.

(7)
(8)

Explain about importanee of demand forecasting

(7)

Explain briefly about internal and external economics of scale.

(8)

Explain about importance of perfect competition and monopoly in detail.

(7)

5.
6.

't.

What is capital? Explain its significance in

(a)
(b)

detail.

What is accountancy? Explain its importance in

Explain about advantages of ledger in

(15)

detail.

detail.

(8)

0)

From the following trial balance and additional informationi prepare trading,
(15)
profit and loss accounts and balance sheet.
Particulars
Dr. (Rs.) Cr. (Rs.)
Capital
Sundry debtors

5,400

Drawings

1,900

Machinery-

7,000

20,000

Sundry creditors

2,800

Wages

10,000

Purchases

19,000

Opening stock

4,000

Bank balance

3,000

134S21C

Particulars Dr. (Rs.)

Carriage charges 300
400
Salaries
900
Rent and taxes
Sales
:
51,800
Total
Additional information

(a)
(b)
(c)
(d)

Cr. (Rs.)

29,000
51,800

Closing stock Rs. 1,200

Outstanding rent and taxes Rs. 100

Charge depreciation on machinery at 10%
Wages prepaid Rs. 400.

.3

134s2rc