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2 MARKS QUESTIONS
1. Define scarcity.
2. Define managerial economics
3. What is economics effeciency?
4. Write a note on PPF.
5. State the fundemental economics problem.
6. Write a note on positive externality.
7. List down the role of market.
8. Write any two nature of managerial economics.
9. What are the differece between micro and macro economics?
10.What do you meant by micro environment?
11.What are the thems of economics?
12.What do you mean by societys capability?
13.What is FDI?
16 MARKS QUESTIONS
1. Define managerial economics. Discuss the nature and scope of managerial
economics.
2. Explain the branches of economy an differentiate micro and macro economy.
3. Explain the followings
a) Scarcity
b) Effeciency
4. Describe three fundamental economics problem and reason behind these
problems.
5. Explain PPF with diagrametic representation.
6. Which policy used for stabilise the economy?
7. Explain role of market and government and both are independent or not.
8. What do you understand by externalities and difference between positive and
negative externality?
9. Discuss the nature and scope of managerial economics and explain how the
managerial economics relates with other discipline?
UNIT II
2 MARKS QUESTIONS
1. What is market structure?
2. Define the law of demand.
3. What is elasticiy of demand?
4. Write down the determinents of demand.
5. What are the exception in the law of demand.
6. What are the different types of elasticity of demand?
7. Define the law of supply.
8. Write down the determinent of supply.
9. What is market equilibrium?
10.Define consumer surplus.
11.What is economy of scale?
12.Write a note on cost function.
13.What is production function?
14.What is cross elasticity of demand?
15.State the law of diminishing marginal utility.
16.What is Equi- marginal utility?
17.What are the factors of production?
18.What is MRTS?
19.Define Iso-Quants.
20.What is opportunity cost?
16 MARKS QUESTIONS
1. Discuss the meaning of demand and its various types.
2. What is elasticity of demend? Graphically explain various types of price
elasticities.
3. Define price elasticity of demand. How it can be measured?
4. What is supply? Explain supply schedule and supply curve.
5. What is consumer behaviour? Explain marginal utility analysis wit its
assumption.
6. Write a detailed note on law of diminishing marginal utility.
7. What is production? Explain the factors of production.
8. What are the assumptions and managerial uses of production function?
9. Explain the law of variable proportion with the help of graph.
10.Write an explanatory note on law of return to scale.
11.What do you understand by economy and diseconomy of scale?
12.What is cost? Discuss the various types of cost.
13.Discuss shortrun and long run cost output relationship with examples and
illustration.
UNIT III
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UNIT V
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