MANAGERIAL ECONOMICS

QUESTION BANK

MODULE 1
1. What is meant by Managerial economics?
2. Discuss the nature and scope of Managerial economics.
3. Mention the significance or uses of Managerial economics for business decision making.
4. Explain in detail the role and responsibilities of Managerial Economist?
5. Distinguish between firm and industry.
6. Enumerate the various objectives of the firm.
7. Explain in detail the Baumol’s model.
8. Explain the Marris hypothesis.
9. Explain the Williamson’s hypothesis of maximizing manager’s utility function.

MODULE 2
10. what is meant by Demand?
11. Explain the law of demand with diagram.
12. Briefly explain the exceptions to the law of demand.
13. Explain the various determinants of demand.
14. What is meant by Elasticity of demand?
15. What is meant by price elasticity of demand? Explain its types with diagram.
16. What are all the factors influencing Elasticity of demand?
17. Explain the determinants of price elasticity of demand.
18. Mention the Uses of elasticity of demand for Managerial decision making.
19. What is meant by cross elasticity of demand?
20. What is meant by advertisement elasticity of demand?
 21. Explain the various determinants of supply.
22. Explain the law of supply with example.
23. What is meant by demand Forecasting?
24. Explain the methods of demand Forecasting.
25. Analyze the advantages and disadvantages of quantitative and qualitative techniques of
demand Forecasting.
26. Explain in detail the survey method used in demand Forecasting.

MODULE 3
27. Explain production function with one variable input. OR
Describe the law of variable proportions
28. Explain law of returns to scale with the help of diagram.
29. Explain the stages of law of Variable proportions.
30. What is meant by indifference curve?
31. Explain in detail the ISO Quant curve with diagram.
32. Write a note on ISO cost curve.
33. Explain economies and Diseconomies of Scale.
34. Explain in detail the internal economies of scale.
35. Explain LAC with diagram.
36. What is meant by BEP?
37. Explain the determination of BEP using graph.
38. Write the meaning of Total cost, average cost, marginal cost, opportunity cost, Explicit
cost and Implicit costs.

MODULE 4
39. What is perfect competition?
40. List out the features of perfect competition market structure.
41. Explain the price and output determination under perfect competition. OR
In perfect competitive market the seller is price taker and not price maker . Explain.
 42. Explain the features of Monopoly market structure.
43. Explain the price and output determination under monopoly under short run and long
run.
44. Write a note on Kinked demand curve, cartel’s price leadership.
45. Explain the features of monopolistic competition market structure.
46. Explain price and output determination under monopolistic competition under short run
and in long run.
47. What is meant by loss leader pricing?
48. Write a note on peak load Pricing and transfer pricing, price skimming, penetration
pricing, product line pricing.

MODULE 5
49. Elucidate the nature and scope of Indian business environment.
50. Explain the internal and external business environment.
51. What is meant by fiscal policy?
52. What are the objectives of monitory policy?
53. Enumerate the problems faced by private sector in India
54. Write a note on objectives of monitory policy.
55. Discuss the impact of political, legal, economic and socio- cultural environment on
Indian business environment.
56. Explain the significance of SMEs in Indian economy.

MODULE 6
57. Write a note on PLI
58. Provide a brief note on NEP 1991.
59. Write a note on Atma Nirbhar Bharat Abhiyan.