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Important Questions for "Managerial Economics":

[1]

  1. What is Economics? How is it different from managerial economics? Explain.
  2. Explain 'Monopolist is a king without crown' and describe diagrammatically Mrs. Joan Robinson's method of monopoly firm's equilibrium.
  3. Critically examine the marginal productivity theory of distribution.

[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. Discuss the concept of monopolistic competition. Explain various features of Monopolistic competition.

[3]

  1. How does managerial economics differ from pure economics?
  2. Discuss the types of inflation.
  3. Explain the statement: "Profit is an essential payment and without this, the entire economy will come to a standstill."

[4]

  1. Relationship of Managerial Economics with other disciplines.
  2. Price Elasticity of Demand and its calculation.
  3. Cost-output relationship in short-run and long-run.

[5]

  1. What is diminishing marginal utility?
  2. Explain the concept of inflation.
  3. How is the present value of a sum calculated?

[6]

  1. Define managerial economics. Discuss its nature, scope, and importance in detail.
  2. How would you apply the knowledge of economics to managerial decision-making?
  3. Explain the terms T.C., A.C., and M.C. with examples. Why is the long-run average cost curve bowl-shaped?

[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. Explain the elasticity of demand. How can it be measured?
  3. Explain the liquidity preference theory of Interest.

[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. Explain the types of 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 cost-output relationship in short-run and long-run cost curves.

[12]

  1. Discuss the scope of Managerial Economics.
  2. Discuss the relationship of Short-run and Long-run Average Cost Curves.
  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 is law of supply?
  3. Define Monopoly and explain how price is determined under monopoly conditions?

[14]

  1. Define Managerial Economics. How does it differ from traditional economics?
  2. Discuss dual price policy with suitable examples.
  3. What is Oligopoly? Explain price regularity under Oligopoly.

[15]

  1. Distinguish between Economics and Managerial Economics.
  2. What is Managerial Economics? Explain the nature and scope of Managerial Economics.
  3. What do you mean by Supply?

[16]

  1. Define managerial Economics and discuss its nature.
  2. What is market? What are the essential elements of a market?
  3. Explain Price rigidity under oligopoly.

[17]

  1. What does managerial economics deal with?
  2. Is managerial economics primarily a study of macro concepts?
  3. Is managerial economics an application of economic theory to business management?

[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. Define uncertainty. Describe its scope and measures to minimize uncertainty.
  2. What is elasticity of demand? How do you measure it? What are the principles determining the elasticity of demand?
  3. Explain the essentials of perfect competition. How is the price determined under perfect competition?

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