Repeated twice
Repeated thrice
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Repeated fivetimes
Repeated sixtimes
Questions:
7 Marks
1. Explain the nature and scope of Managerial Economics
2. Explain how managerial economics is linked with other academic disciplines
3. Explain functions of demand
4. Discuss the factors that determine the demand for a product and state the law of
Demand and explain it with the help of demand schedule and demand curve. What are
its assumptions and exceptions
5. Define elasticity of Demand. Write different types of elasticity
6. How is elasticity of demand measured? Discuss the factors governing elasticity of
demand.
7. Define Production function. Explain the nature and managerial uses of it.
8. Explain the importance of production function and its usefulness in decision making
9. Explain the different relations between Cost and Output in the short run
10. Explain the following price strategies:
● Skimming pricing
● Peak load pricing
● Penetration pricing (salient features also)
● Going-rate pricing (salient features also)
● Cost plus pricing
● Target pricing
11. What is a business cycle? What are its characteristics. Discuss the causes and
consequences of business cycles.
12. Explain the different stages of Business Cycles. Write the measures to control the
fluctuations in it.
13. Describe the importance of cost analysis
14. Explain the following concepts briefly with examples:
● Marginal cost(salient features also)
● Opportunity cost
● Replacement costs
● Historical costs
● Sunk cost
● Fixed vs variable cost
● Controllable vs non controllable costs
● Explicit vs implicit costs
● Urgent vs postponable costs
● Escapable vs unavoidable costs
15. Describe the main features of perfect competition and explain/illustrate how the
price is determined in case of perfect competition
16. Compare and contrast perfect competition and monopolistic competition
17. Describe the classification of markets and explain the salient features of perfect
competition and monopoy
18. Illustrate the different stages of product life cycle with the help of diagram and
discuss the pricing strategies that may be adopted at each stage.
19. Explain the significance of pricing over the life cycle of a product
20. What do you understand by mark-up and mark-down pricing of retailers → salient
features
21. “Managerial economics is the discipline which deals with the population of economics
theory to business”. Discuss
22. State the law of diminishing marginal utility with its limitations. What is its
importance in economics?
23. Define scarcity definition and explain its salient features
24. Briefly explain the salient features of economics and diseconomics of scale
25. Explain the salient features of oligopoly and its kinked demand curve
26. Describe the significance of pricing/ pricing analysis. (could be two different
questions)
27. Explain the pricing of joint products
2Marks
1. Scarcity Definition of Economics
2. Demand function
3. Managerial Economics
4. Difference between economics and managerial economics
5. Monopolistic Markets
6. Monopolistic competition
7. monopoly
8. Robbins definition of economics
9. Features of Robbins definition of economics
10. Micro and macro economies
11. Macro Economics
12. Cardinal and ordinal utility
13. Total utility and marginal utility
14. Determinants of Demand
15. Marginal cost pricing
16. Income demand
17. Price elasticity of demand
18. Economics of scale
19. Types of demand
20. Duopoly
21. Define demand
