Jawaharlal Nehru Technological University Hyderabad
Jawaharlal Nehru Technological University Hyderabad B.Tech III MANAGERIAL ECONOMICS AND FINANCIAL ANALYSIS Previous Question Paper (July/August - 2023 - R13)
Question paper consists of Part A and Part B. Part A is compulsory. In Part B, Answer any one question from each unit.
Part A
State law of diminishing marginal utility.
Answer
The Law of Diminishing Marginal Utility states that as a consumer consumes more and more units of a specific commodity, the additional utility (marginal utility) derived from each successive unit goes on declining, provided other factors remain constant.
What are the assumptions of the law of demand?
Answer
The assumptions of the law of demand include:
- Income of the consumer remains constant.
- Tastes and preferences of the consumer remain unchanged.
- Prices of related goods (substitutes and complements) remain constant.
- Consumers do not expect any future change in prices.
- The size and composition of the population remain constant.
Define production function.
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Briefly compare accounting costs and economic costs.
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What is the essential difference between private limited company and public limited company?
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What do you understand by the term, ‘perfect market’?
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Define IRR.
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What is debenture? What are the types of debentures?
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Define debtor’s turnover ratio.
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Distinguish between capital and revenue items, illustrating your answer with examples.
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Part B
Construct demand schedule for a product for alternative prices of Rs.1, Rs.2, Rs.3, Rs.4, and Rs.5 given its demand function.
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What are demand determinants?
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Briefly explain the relevance of managerial economics to engineers.
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How do you use the moving average method for demand forecasting?
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Bring out the relation between long run average cost curve and short run average cost curve and explain.
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Calculate the break-even point in units and rupees from the following data: Contribution margin ratio: 30 percent, Contribution margin per unit: Rs. 6.00, Fixed cost per month: Rs. 20,000.
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With the relevant data as above, if the net profit is Rs.60,000. What is the amount of sale in Rupees?
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What is sealed bid pricing? Where do you come across it?
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What are the important features of cooperative form of organization?
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What are the contents of Memorandum of Association?
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What is monopolistic market? What are its features?
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There are two projects A and B. The cost of the project is Rs.36,00,000 in each case. The cash inflows are as under. Using Payback period method if you have to choose only one of them, which will you and why?
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What constitutes working capital? What is its importance to business?
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A company has the following investment opportunities. The available funds are Rs.30,00,000. Which proposals the firm should accept? Justify your answer.
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What are the limitations of payback method of evaluation of project proposals?
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What are the advantages of double entry system of accounting?
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A firm makes sales of Rs. 50,00,000 for the year of which 60% is on credit basis. The balance of debtors at the beginning and the end of the year were Rs. 4,00,000 and Rs. 3,00,000 respectively. Calculate debtor’s turnover ratio and debt collection period.
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If cost of the annual goods sold is Rs.16,50,000 and the opening stock is Rs. 2,50,000 and the closing stock Rs. 3,50,000 calculate the inventory turnover ratio.
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What are the errors revealed and not revealed on drawing trial balance account?
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