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Important Questions for "Managerial Economics":

[1]

  1. What is Economics? How is it different from managerial economics? Explain.
  2. Mention the types of market.
  3. Write a short note on factor pricing versus product pricing.

[2]

  1. Explain the nature and scope of Managerial Economics. Elaborate the definition of economics on the basis of wealth, welfare and scarcity.
  2. Elaborate various fundamental concepts in Managerial Economics.
  3. Define the term sales forecast. Elaborate various methods of sales forecast.

[3]

  1. How does managerial economics differ from pure economics?
  2. Distinguish between penetration pricing and skimming pricing.
  3. Explain equimarginal principle and its role in efficient resource allocation with an example.

[4]

  1. Relationship of Managerial Economics with other disciplines.
  2. Difference between Net Profit and Gross Profit.
  3. Monopolistic Market and its price and output determination.

[5]

  1. Describe the concept of time value.
  2. How is the present value of a sum calculated?
  3. Discuss cost-output relationship in the short run and long run.

[6]

  1. Define managerial economics. Discuss its nature, scope, and importance in detail.
  2. Why is there a need for demand forecasting?
  3. Explain the statement: 'An oligopolist follows its cartel.'

[7]

  1. Discuss the role of Managerial Economics in an organization.
  2. How is managerial economics derived from different disciplines? Differentiate between macro and micro economics.
  3. Define Managerial Economics. Discuss its nature, scope, and importance in detail.

[8]

  1. Explain meaning, nature and scope of Managerial Economics and link it with management and its functional areas.
  2. Why is profit required? Explain any two theories of profit.
  3. Prepare a cost schedule showing Fixed Cost, Variable Cost, Total Cost, Average Fixed Cost, Average Variable Cost, Average Total Cost, Incremental Cost, and Marginal Cost using provided data.

[9]

  1. Define the concept of Managerial Economics.
  2. Discuss the nature and scope of Managerial Economics. How does it differ from Traditional Economics?
  3. Inflation is an excess of demand of anything over the supply of everything. Discuss this statement and analyze the factors that result in inflation.

[10]

  1. Point out the chief characteristics of Managerial Economics.
  2. Define the scope of Managerial Economics.
  3. Discuss the nature and scope of Managerial Economics. How does it differ from Traditional Economics?

[11]

  1. What do you understand by Managerial Economics? Explain its scope.
  2. Describe main features of Oligopoly.
  3. Explain profit management and inflation.

[12]

  1. Discuss the scope of Managerial Economics.
  2. What do you mean by Law of Returns?
  3. Why do Profit Arise? Discuss the concept of profit under static and dynamic condition.

[13]

  1. Discuss the scope of managerial economics. What do you understand by Break Even Analysis?
  2. What do you understand by Perfect Competition? How are prices determined under it?
  3. Profit is the reward for risk-taking and uncertainty bearing. Explain.

[14]

  1. Define Managerial Economics. How does it differ from traditional economics?
  2. Discuss dual price policy with suitable examples.
  3. What is Inflation? Explain the Keynesian theory of inflationary gap. Why is inflation undesirable?

[15]

  1. Distinguish between Economics and Managerial Economics.
  2. What is Managerial Economics? Explain the nature and scope of Managerial Economics.
  3. Why does demand curve slope downwards?

[16]

  1. Define managerial Economics and discuss its nature.
  2. Explain the law of demand. Why do demand curves slope downwards to the right?
  3. Explain Price rigidity under oligopoly.

[17]

  1. Does managerial economics study only economic events?
  2. Is managerial economics primarily a study of macro concepts?
  3. Who defined managerial economics as the application of economic concepts to rational managerial decision-making?

[18]

  1. With what is managerial economics associated?
  2. What is the nature of managerial economics?
  3. What is included in the scope of managerial economics?

[19]

  1. What is elasticity of demand? How do you measure it? What are the principles determining the elasticity of demand?
  2. Explain the concept of fixed costs and variable costs. How is the difference between fixed costs and variable costs important for business decisions?
  3. Write short notes on: Fixed Cost, P/V Ratio, Margin of Safety, Contribution, Break-even-point.

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