UGC NET 2015 Paper 3 Management Question Paper (28-Jun-2015)

Question 1

The demand function for commodity X is $Q_D = 300 - 20P$; where P is the price in rupees per unit and $Q_D$ is the quantity demanded in units per period. Which of the following is the price level at which total revenue of a firm facing this demand function is maximised?

Accepted Answer

7.5

Answer

8.0

Answer

10.5

Answer

12.5

Question 2

Match the production functions of List-I with the return to scale in List-II:List-I (Production function)List-II (Return to scale)(a) $Q = 10\,K^{0.5}L^{0.4}E^{0.15}M^{0.1}$(i) increasing(b) $Q = 12\,K^{0.5}L^{0.5}$(ii) constant(c) $Q = 100\,K + 15\,L$(iii) decreasing(d) $Q = 40\,K^{0.3}L^{0.5}$Indicate the correct answer:

Accepted Answer

(a)-(i), (b)-(ii), (c)-(ii), (d)-(iii)

Answer

(a)-(ii), (b)-(ii), (c)-(i), (d)-(i)

Answer

(a)-(i), (b)-(i), (c)-(ii), (d)-(ii)

Answer

(a)-(ii), (b)-(i), (c)-(i), (d)-(iii)

Question 3

It costs a firm ₹ 90 per unit to produce product A, and ₹ 60 per unit to produce B individually. If the firm can produce both products together at  ₹160 per unit of product A and B, this exhibits signs of:

Accepted Answer

diseconomies of scope

Answer

economies of scope

Answer

diseconomies of scale

Answer

economies of scale

Question 4

In the context of Prisoner&rsquo;s dilemma, which one of the following is correct ?

Accepted Answer

rational choices can lead to bad outcomes

Answer

rational choices can lead to good outcomes

Answer

co-operation can lead to sub - optimal results

Answer

none of the above

Question 5

Find the most appropriate sequence of life-cycle of price for a product, from the initial stage to the mature stage.

Accepted Answer

Target price &rarr; Penetration price &rarr; Value - based price &rarr; Limit price &rarr; Niche price

Answer

Penetration price &rarr; Limit price &rarr; Value - based price &rarr; Target price &rarr; Niche price

Answer

Penetration price &rarr; Target price &rarr; Limit price &rarr; Value - based price &rarr; Niche price

Answer

Penetration price &rarr; Niche price &rarr; Target price &rarr; Limit price &rarr; Value - based price

UGC NET 2015 Paper 3 Management Question Paper (28-Jun-2015)

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List-I (Production function)	List-II (Return to scale)
(a) \(Q = 10\,K^{0.5}L^{0.4}E^{0.15}M^{0.1}\)	(i) increasing
(b) \(Q = 12\,K^{0.5}L^{0.5}\)	(ii) constant
(c) \(Q = 100\,K + 15\,L\)	(iii) decreasing
(d) \(Q = 40\,K^{0.3}L^{0.5}\)