Question Bank - Managerial Economics SEM II

Short Notes

 1. Scarcity

2. Microeconomics

3. Macroeconomics

4. Opportunity Cost

5. Incremental Principles

6. Eqi- Marginal Concept

7. Elasticity of Demand

8. Demand Forecasting

9. Theory Of Production

10. Relation between average cost and marginal cost.

11. Revenue Curves

12. Determinants of supply

13. Opportunity Cost

14. Indifference Curve

15. Significance of managerial economics

Long Notes

 1. Role and responsibilities of managerial economist in business.

2. Explain the  Law of demand with determinants of demand.

3. Explain the Scope of Managerial Economics.

4.  Demand forecasting for a new product.

5.  Explain the Theory of production with the concept of production.

6. Explain various types of Costs associated with economics.

7.  Explain the relation between average and marginal revenue.

8. Explain various methods of Demand Forecasting in detail

9. What is the Ordinal Utility approach- Indifference Curve, maximization of utility