NR

Code No: NR-220201

II B.Tech. II-Semester Supplementary Examinations, Nov/Dec-2004

MANAGERIAL ECONOMICS AND PRINCIPLES OF ACCOUNTANCY

(Common to Electrical and Electronics Engineering, Electrical and Instrumentation Engineering and Electronics and Control Engineering)

Time: 3 hours Max Marks: 80

Answer any FIVE Questions

All Questions carry equal marks

- - -

1. What is meant by Demand Schedule, Demand curve and demand function? How is market demand calculated from individual demands?

2. What is promotional elasticity of demand? How does it differ from cross elasticity of demand?

3. Distinguish between production and cost function? How would you develop the production function? What are its uses?

4. Write short notes on the following:

a) Explicit costs

b) Implicit costs

5. A firm has many projects. It wants to earn at least 6 percent per annum on this project with the following cash flows. Do you recommend?

Year end	0	1	2	3	4	5	6
Cash inflow (Rs.)		10,000	30,000	40,000	40,000	40,000	50,000
Cash outflow(Rs.)		1,00,000

6. Define Monopoly. How is price under Monopoly determined?

7. Explain the basic features of different forms of Public Enterprises.

8. What are financial statements? Why are they needed? How are they prepared?

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