BAHRIA BUSINESS SCHOOL

QUIZ # I BBA -VI (Spring -2021)

(For All Odd Numbers)

COURSE: M. ECONOMICS TIME: 1.00 Hour

Q#1 What is the scope of managerial economics in daily routine life? Explain
main steps to make managerial decisions with the help of an example. (4)

Q#2 What is optimization rule. How a firm can optimize its profit, revenue and
production from the given information. Find the optimal level of output
where the firm is maximizing profit and total revenue.

TC=250+100 Q−15 Q2 +5 Q3
AR=20−12Q
(6)

BAHRIA BUSINESS SCHOOL

QUIZ # II BBA -VI (Spring -2021)

(For All Even Numbers)
COURSE: M. ECONOMICS TIME: 1.00 Hour

Q#1 How managerial economics may be helpful in specifying the pricing and
production strategies in a business. Explain main steps to make
managerial decisions with the help of an example. (4)

Q#2 How a firm can optimize its profit, revenue and production from the given
information. Find the optimal level of output where the firm is maximizing
profit and minimizing its average cost.

TC=250−80 Q+0. 25 Q2
Q=12−0 .5 P (6)