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Important Questions for "Managerial Economics":

[1]

  1. What is Economics? How is it different from managerial economics? Explain.
  2. Distinguish between perfect and imperfect collusion in oligopoly.
  3. Mention the importance of demand analysis.

[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 Market. Elaborate characteristics of Perfectly competitive market.

[3]

  1. How does managerial economics differ from pure economics?
  2. Enumerate different methods of demand forecasting.
  3. Discuss the relationship between average cost (AC) and marginal cost (MC) and their 'U' shaped curves.

[4]

  1. Relationship of Managerial Economics with other disciplines.
  2. Difference between Fixed Cost and Variable Cost.
  3. Concept and importance of Demand and determinants of demand.

[5]

  1. Describe the law of variable proportions.
  2. How is the present value of a sum calculated?
  3. Write notes on marginal revenue, economies of scale, break-even point, and inflation.

[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. What do you mean by inflation? Distinguish between GDP and GNP.

[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. What do you understand by Balance of Payments?
  3. Explain the law of diminishing return and give the inter-relationship between three laws of returns.

[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 Normal Profit and Super Profit.

[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 income effect and substitution effect with example.

[12]

  1. Discuss the scope of Managerial Economics.
  2. What is meant by elasticity of demand?
  3. Explain the concept of Margin of Safety in cost analysis.

[13]

  1. Discuss the scope of managerial economics. What do you understand by Break Even Analysis?
  2. What is law of supply?
  3. What are the limitations of demand forecasting?

[14]

  1. Define Managerial Economics. How does it differ from traditional economics?
  2. Draw three demand curves that have the same elasticity of demand at all points and write their mathematical values.
  3. Perfect competition is a myth. How far do you agree?

[15]

  1. Distinguish between Economics and Managerial Economics.
  2. What is Managerial Economics? Explain the nature and scope of Managerial Economics.
  3. What is demand forecasting? Explain methods of demand forecasting.

[16]

  1. Define managerial Economics and discuss its nature.
  2. What is market? What are the essential elements of a market?
  3. What is business cycle? Explain the different phases of business cycles.

[17]

  1. What does managerial economics deal with?
  2. Who defined managerial economics as the application of economic concepts to rational managerial decision-making?
  3. What is a synonym for managerial economics?

[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. Explain the concept of fixed costs and variable costs. How is the difference between fixed costs and variable costs important for business decisions?
  3. Explain the Payback Period Method of appraising a capital project. What is the average rate of return? Explain the formula for its computation.

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