MANAGERIAL

ECONOMICS 2019
QUESTION PAPER

Submitted by:-
Sunny Kumar
Siddharth Giri
Swati Yadav
 Q1. What is price effect? How does a change a change in
price commodity affect the equilibrium of the
consumer?
 Q2. Discuss the significance of the budget line and its slope
indifference curve analysis. What are economic implications
of tangency between the budget line and indifference? What
shifts will occur in the budget line, if (i) income, (ii) price
change?
 Q3. Is prisoner’s dilemma a correct reflection of
oligopolistic behaviour? Use the prisoner’s dilemma
model to show why firms attempt to form cartel and yet
cheat.
 Q4. “Fiscal and monetary policies play complementary role in
a developing economy”. Comment.

Reference:-
http://ibmrdjournal.com/index.php/ibmrd/article/viewFile/52186/42006#:~:text=Monetary
%20and%20fiscal%20policies%20are,supply%20and%20cost%20of
%20borrowing.&text=These%20two%20policies%20can%20play,for%20promotion
%20of%20inclusive%20growth.
Q5. Write short notes on:-
(a). Incremental cost.
(b). Pricing under monopoly.
(c). Cartels and pricing stability.

(a) Incremental cost (video)

https://www.investopedia.com/terms/i/incrementalcost.asp#:~:text=Increm
ental%20cost%20is%20the%20total,one%20additional%20unit%20of
%20production
(b) Pricing under monopoly

Ans. (definition)
Monopoly is that market form in which a single producer
controls the whole supply of a single commodity which has
no close substitute
THANK YOU