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BHARTIYA INSTITUTE OF ENGINEERING &TECHNOLOGY, BHARTIYA INSTITUTE OF ENGINEERING &TECHNOLOGY,

SIKAR SIKAR

I mid Term Examination I mid Term Examination

SUB:- 3ME1-03 Managerial Economics and Financial Accounting SUB:- 3ME1-03 Managerial Economics and Financial Accounting

SEM-III (CS/ME) TIME: 2 Hr MM: 40 SEM-III (CS/ME) TIME: 2 Hr MM: 40

Note: - Attempt all questions. Note: - Attempt all questions.


Part A (Short type of questions) (2*5) Part A (Short type of questions) (2*5)

(a) Define Scarcity? (a) Define Scarcity?


(b) What is the problem of choice in economics? (b) What is the problem of choice in economics?
(c) What is demand function? (c) What is demand function?
(d) What is meaning deductive method? (d) What is meaning deductive method?
(e) What is positive and normative economics? (e) What is positive and normative economics?

Part B (attempt any 4) (4*4) Part B (attempt any 4) (4*4)

(a) What is meaning of managerial economics? Explain scope of (a) What is meaning of managerial economics? Explain scope of
economics? economics?
(b) What is the difference between static and dynamic economics? (b) What is the difference between static and dynamic economics?
(c) Define demand? Explain various determinants of demand? (c) Define demand? Explain various determinants of demand?
(d) Define law of supply? Explain the determinants of supply? (d) Define law of supply? Explain the determinants of supply?
(e) Difference between Perfect competition and Monopolistic (e) Difference between Perfect competition and Monopolistic
competition? competition?
(f) What is Elasticity of supply? How will you measure price Elasticity of (f) What is Elasticity of supply? How will you measure price Elasticity of
supply? supply?
Part C (attempt any 2) (7*2) Part C (attempt any 2) (7*2)

(a)Explain the market structure of perfect competition, monopoly, (a)Explain the market structure of perfect competition, monopoly,
monopolistic competition? monopolistic competition?

(b)Define national income? Explain the various methods of measuring (b)Define national income? Explain the various methods of measuring
national income? national income?

(C) What is demand forecasting? What are the various methods used for (C) What is demand forecasting? What are the various methods used for
demand forecasting and explain the determinants of demand forecasting? demand forecasting and explain the determinants of demand forecasting?