SRI KRISHNA ENGINEERING COLLEGE

PANAPAKKAM, CHENNAI-601 301.

DEPARTMENT OF MASTER OF BUSINESS ADMISSION

ASSESSMENT – 1
BA4103 - MANAGERIAL ECONOMICS
(REGULATIONS 2021)

CLASS: FIRST YEAR DATE:23.01.2023

DURATION:1 hr 30 min MAX.MARKS: 50

PART- A 10×2=20
ANSWER ALL THE QUESTION

1.Define economics?
2. What do you understand about micro economics?
3.What do you understand macroeconomics?
4. What do you understand by scarcity?
5. Define market economy?
6. explain the economics role of government?
7. What is the perfect competition?
8. What is cost function
9. Define LRAC?
10. What is the income effect?
 PART -B 6×5=30

1.(a)Explain the concept of managerial economics of the fundamental economic

problems?
OR
(b)Discuss the role of market and government in a socialistic economy country
in India?

2. (a) What is consumer behaviour? what are the difference approaches to

understand consumer behaviour?
OR
(b) Discuss the issue relating to scale of production and economics of scale in
plant size decision?

3. (a) what are limitation of macro economics and advantages and disadvantages
of macroeconomics?
OR
(b) Define production possibility frontier (PPF) OR Transformation curve?
4. (a) Explain the details of short run and long run function?
OR
(b) Explain the different types elasticity of demand of demand and list out
explain the various factor determining the elasticity of demand?
5.(a) Difference between micro economic and macroeconomic?
OR
(b) explain the role of economy of the government in a market economy?
6. (a) Explain the determinants of price elasticity?
OR
(b) What is the internal economy of scale? explain its types