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Important Questions for "Managerial Economics":

[1]

  1. What is Economics? How is it different from managerial economics? Explain.
  2. Point out the characteristics of Law of Increasing Returns.
  3. Explain 'Monopolist is a king without crown' and describe diagrammatically Mrs. Joan Robinson's method of monopoly firm's equilibrium.

[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 law of supply. Explain different types of degrees of elasticity of supply.

[3]

  1. How does managerial economics differ from pure economics?
  2. Distinguish between penetration pricing and skimming pricing.
  3. What is derived demand and how does it differ from direct demand?

[4]

  1. Relationship of Managerial Economics with other disciplines.
  2. Concept and importance of Demand and determinants of demand.
  3. Cost-output relationship in short-run and long-run.

[5]

  1. Differentiate between price demand, income demand, and cross demand with examples.
  2. What is an indifference curve? What are its characteristics?
  3. Explain perfect competition and the assumptions associated with it. What does 'Price Taker' mean?

[6]

  1. Define managerial economics. Discuss its nature, scope, and importance in detail.
  2. Explain the various determinants of demand.
  3. Explain in detail the concept of price elasticity of demand.

[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. Write four limitations of Economics.
  3. What do you understand by Balance of Payments?

[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. Discuss the price-output determination under Monopoly.

[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. Explain the principle of time perspective.
  3. What is monopolistic competition? How is output and price determined under it?

[12]

  1. Discuss the scope of Managerial Economics.
  2. What do you mean by Law of Returns?
  3. Define Break-even Points and explain its relevance in managerial decision-making.

[13]

  1. Discuss the scope of managerial economics. What do you understand by Break Even Analysis?
  2. What are the limitations of demand forecasting?
  3. Why do demand curve slope downwards to the right?

[14]

  1. Define Managerial Economics. How does it differ from traditional economics?
  2. Describe the factors affecting the elasticity of supply.
  3. What is cost plus pricing? Point out cases where it is suitable.

[15]

  1. Distinguish between Economics and Managerial Economics.
  2. What is Managerial Economics? Explain the nature and scope of Managerial Economics.
  3. Write short notes on any two of the following: Balance of Payment, Concept of National Income, Objectives of Pricing Policy, Business Cycle.

[16]

  1. Define managerial Economics and discuss its nature.
  2. Explain peak load pricing and discuss its economic justification.
  3. What is meant by balance of payments? What are the causes of disequilibrium in the balance of payments of a country? Briefly discuss the measures to correct the adverse balance of payments in the developing countries.

[17]

  1. What does managerial economics deal with?
  2. What is a synonym for managerial economics?
  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. Explain the concept of fixed costs and variable costs. How is the difference between fixed costs and variable costs important for business decisions?
  2. Write short notes on: Fixed Cost, P/V Ratio, Margin of Safety, Contribution, Break-even-point.
  3. Define capital budgeting and state its importance with examples.

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