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Question Bank
Unit -1
1. Discuss the Marshallian approach of economics. (UPTU-2013-14)
2.Explain the role of managerial economics in the managerial decision making.
(UPTU-2013-14)
3. Is economics Science and Art ? Give your views and reasons for it. (UPTU-201213)
4. Explain the role of Science, Engineering
development of a nation. (UPTU-2012-13)
and
technology
in
Economics
11.
Managerial economics plays a very crucial role in engineering Comment.
(UPTU-2010-11)
12.
What do you think about economics and managerial economics? (UPTU2010-11)
Unit -2
1. What do you mean by Demand?
2. lot the diagram showing Demand Curve for the Demand Schedule given below:
(UPTU-2011-12)
a. Demand schedule
Price per Pizza
Quantity
Demanded
week ( millions)
a)
15
b)
12
14
c)
20
d)
26
e)
32
per
11.
12.
13.
16.
Unit -3
1. What do you mean by demand forecasting? Discuss any two method of demand
forecasting. (UPTU-2012-13)
2. Write the contribution of analysis of demand on business decision making.
3. What is the law of diminishing marginal utility? (UPTU-2013-14)
4. Discuss in detail the laws of return to scale. (UPTU-2012-13)
5. Define the production function and explains its attributes with reference to an
industrial firm. (UPTU-2013-14)
6. Define production function with examples.
7. Define the concept of opportunity cost.
8. Write short notes on marginal cost, fixed cost, variable cost, endogenous variables
and exogenous variables.
11.
What is the statistical method of demand forecasting? Describe any two
methods in detail.
12.
13.
What is the survey method of demand forecasting? Describe any two
methods in detail.
14.
15.
16.
Plot a diagram showing Total cost, Fixed cost and variable cost. Also describe
each. (UPTU-2010-11)
Unit -4
1. What are the features of a market? Briefly explains the various types of market
structures. (UPTU-2013-14)
2. What are the factors that determine market structure?
3. How does the market structure affect pricing decision of a firm?
4. Why firm under Perfect Competition is price taker? (UPTU-2012-13)
5. Define the perfect competition. What are the characteristics of perfectly
competitive market?
6. What are the different types of markets? What is difference between Monopoly
and Oligopoly? (UPTU-2012-13)
7. Distinguish between
(a) Monopolistic completion and oligopoly
(b)Perfect Competition and Imperfect Competition.
(c) Monopoly and monopolist completion.
8. What factors determine the price of a product in perfect competition?
9. Describe Short run equilibrium under monopolistic competition. (UPTU-2012-13)
10.
11.
Explain and illustrate price and output determination by a monopoly firm in
short-run.
12.
How the price of a commodity is determined in perfectly competitive
market.
13.
14.
18.
A market is body of person in such commercial relations that each can
easily acquaint himself with the rates at which certain kinds of exchange of goods
or services are from time to time made by others. Comment. (UPTU-2010-11)
19.
Plot the diagram about the short run equilibrium of a perfectly competitive
firm. (UPTU-2010-11)
20.
12)
(UPTU-2011-
a. Choose the diagram showing the tendency of Fixed Cost Curve. Also
define Fixed Cost Curve.
(A)
(B)
(C)
FC
PRICE
PRICE
QUANTITYE
FC
QUANTITYE
PRICE
FC
QUANTITYE
Unit -5
1. What is Nation Income? Write down the various method of measuring national
income. (UPTU-2012-13)
2. What Kind of business decisions are influenced due to change in national income?
3. What is the relevance of national income?
4. What are the problems in estimation of national Income by using expenditure
method? What precautions should be used while using this method? (UPTU2013-14)
5. What is the importance in choosing the method for estimating the national
income?
13.
What is the basis of division of the income groups for families? Why
multinationals or consumer goods manufacturing companies are luring towards
India?
14.
Give a brief description of phases of business cycle with the diagrammatic
presentation. (UPTU-2010-11)
15.
Describe the boom. Which point shows the condition of boom? (UPTU2010-11)
Sale
Time
16.