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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 concept of indifference curve.
  3. Distinguish between law and elasticity of demand.

[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 Inflation. Discuss various reasons for Inflation and methods to control inflation.

[3]

  1. How does managerial economics differ from pure economics?
  2. Explain the staircase type cost curve with an example and derive its average cost curve.
  3. Distinguish between penetration pricing and skimming pricing.

[4]

  1. Relationship of Managerial Economics with other disciplines.
  2. Price Elasticity of Demand and its calculation.
  3. Inflation, its types, and causes.

[5]

  1. What is elasticity of price demand?
  2. What are the methods of demand forecasting?
  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. What is economies of scale? Illustrate with the help of a diagram.
  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. Define oligopoly with an example.
  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. Profit is payment for uncertainty bearing. Discuss.

[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. What is monopolistic competition? How is output and price determined under it?
  3. What would be your advice if the exporter offers to buy 10,000 units instead of 5,000 units?

[12]

  1. Discuss the scope of Managerial Economics.
  2. What is Profit-volume Ratio? Explain its significance.
  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 is law of supply?
  3. What do you understand by Perfect Competition? How are prices determined under it?

[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. 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 Law of Demand? What are its exceptions? Explain the important factors determining demand.

[16]

  1. Define managerial Economics and discuss its nature.
  2. What is market? What are the essential elements of a market?
  3. Explain peak load pricing and discuss its economic justification.

[17]

  1. Does managerial economics study only economic events?
  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. Who is a managerial economist? Explain his role and responsibilities in business management.
  2. Explain the relationship between marginal cost, average total cost, and average variable cost.
  3. Explain the essentials of perfect competition. How is the price determined under perfect competition?

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