Unit 1

Q-1 “Managerial Economics is economic s that is applied in decision making” Explain?

Q-2 Explain the relationship of managerial economics with statistics, mathematics, accounts
& economics?

Q-3 Important Economics concept

· Opportunity cost

· Incremental principle

· Principle of time perspective

· Discounting principle

· Equi- marginal principle

Q-4 Differentiate b/w, a/c profit & economic profit?

Q-5 Differentiate b/w, Micro economics vs. macro economics?

Q-6 Illustrate the scope of managerial economics.

Unit 2
Q-1 factors on which price elasticity depends.

Q-2 what is the diff b/w non-durable consumer good & capital goods?

Q-4 explains the importance of demand analysis to a business manager of a sales firm?

Q-5 Important of determent's of demand/ what are the determent's of demand?

Q-6 what is price elasticity of demand? Explain its type.

Q-6 what are the determent's of demand/ factors effecting demand

Q-7 Explain Income elasticity of demand & its type?

Q-8 Explain individual demand function and market demand function.

Q-9 what is demand forecasting? Explain the method of demand forecasting.

Q-10 Explain these

· Trend projection method

· Opinion poll method

· Delphi method

Q-11 what is law of demand?

Q-12 what is cross elasticity of demand?

Q-13 differentiates b/w expansion of demand and increase in demand

Q-13 differentiates b/w price elasticity of demand and income elasticity of demand.

Q-14 what is the feature of a good demand forecasting?

Q-15 what are the exceptions to the law of demand?

Q-16 writes short notes on:

· Demand schedule

· Demand curve

· Demand function

Unit 3
Q-1 differentiates b/w:

· Direct cost vs. indirect cost

· Incremental cost vs. sunk cost

· Explicit cost vs. implicit cost

Q-2 “all direct cost are variable and all indirect cost are fixed” Explain this statement?

Q-3 Define production function

Q-4 Define:

· Iso quants curve

· Iso cost curve

· Equal product curve

· Cost plus pricing method

· Production process

Q-5 what is equi- marginal principal?

Q-6 what is incremental principal?

Q-7 Explain various costs

Q-8 what are the factors of production?

Q-9 pricing decisions main factors

Q-9 what are pricing policy? Discuss in brief

Q-10 Long run average cost curve vs. short run average cost curve

Q-11 what is low of production?

Q-12 what is law of return to scale?

Q-13 explain the relationship b/w AR/MR and elasticity of demand

Q-14 illustrate the importance of cost control

Q-15 what is cost plus pricing?

Unit 4
Q-1 what is monopoly or monosomy?

Q-2 what are the main features of monopoly?

Q-3 what are the main features of perfect market?

Q-4 how price is determines in short term market govern by perfect competition?

Q-5 how price is determine under oligopoly?

Q-6 how price is determined in monopolistic market?

Q-7 what is price determination?

Q-8 different b/w perfect and imperfect competition

Q-9 writes short notes on collusive and non-collusive oligopoly

Q-10 what is break even analysis?

 Unit 5

Q-1 what is product life cycle? How firm policy change with it.

Q-2 what do you understand by national income of a country? How it is calculated?

Q-3 what is GNP how it is different from NNP and NI

Q-4 what is inflation? Feature of inflation

Q-5 what are the factors that causes inflation in a country?

Q-6 writes various methods for the measurements of national income?

Q-7 what is demand pull inflation?

Q-8 what is cost push inflation?

Q-9 effect of inflation in business, Discuss in brief.