1) Discuss the nature, Scope of Managerial economics in detail. b) What is Elasticity of demand and its types of Elasticity of Demand? 2 a) Write a note on Survey Methods. 3 a) Explain 'Law of returns to scale' with an example. b) Explain Iso-quant and Iso-cost curves and state characteristics. c) Explain the concept of supply and law of supply. 4 a) A firm has Fixed Cost of Rs 60000/-, selling price per unit is Rs.60/- and variable cost per unit is Rs. 30/-. Determine Break Even Point in terms of Volume and Sales Value.

b) Explain the production function with one variable inputs and laws of returns. 5 a) Define Market. Explain the structure of market with suitable examples. b) Explain the need for public enterprises in India. Do you think Public Enterprises as a whole have fulfilled that need?

6 a) What is Oligopoly? Explain price and output determination in Oligopoly. b) Discuss the advantages and disadvantage of partnership.

7 a) Explain the Classification of Accounts and their Principles (Rules of Debit and Credit).

b) What is Double Entry System? What are the advantages and limitations of Double Entry System? 8 a) Describe the functions / scope of Financial Accounting. b) What is ratio analysis? Explain different types of ratio analysis. Explain the concept of time value of money. Discuss the various methods of appraising project profitability that considers time value of money.

10 a) The project involves a total initial expenditure of Rs. 2,00,000 and its estimated to generate a future cash inflows of Rs. 30,000; Rs.38,000; Rs.25,000; Rs.22,000; Rs Rs.36,000; Rs.40,000; Rs.40,000; Rs,28,000; Rs.24,000 and Rs,24,000 for ten years. Calculate payback period and ARR. b) Explain the traditional methods of project profitability appraisal.