ISBS( ME TE 2019 QB).docx - MANAGERIAL ECONOMICS QUESTION BANK FOR END-SEM EXAMINATION(PGDM 2019-2021 Q1 Explain the nature and scope of Managerial

# ISBS( ME TE 2019 QB).docx - MANAGERIAL ECONOMICS QUESTION...

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MANAGERIAL ECONOMICS QUESTION BANK FOR END-SEM EXAMINATION (PGDM 2019-2021) Q1. Explain the nature and scope of Managerial economics and its relevance to Managers. Q2. “Managerial Economics helps in forward planning and decision making.” Examine. Q3. Discuss the factors which impact elasticity of demand and briefly explain its significance. Q4.Explain the concepts of : (a) Consumer surplus (b) Producers surplus (c) Deadweight loss. Q5. Project the trend of sales for years 2019 and 2021 based on the following data: Years 2000 2005 2007 2011 2012 2018 Sales(in Rs. Lakhs) 160 230 280 330 400 450 Q6. “Isoquant and isocost are tools of constrained optimization.” Elucidate. Q7. Discuss internal and external economies of scale which accrue to the firm. Q8. Analyse cost-output relationship in the short run with suitable illustrations. Q9. Calculate from the following table: (a) Total Variable Cost (b) Average variable cost (c) Average total cost (d) Marginal cost Units of output 0 60 120 180 240 Total Cost 120 260 310 370 450 Q10. “Monopolistic competition is characterized by high degree of selling costs and intense rivalry.” Appraise.

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Q12. Determine equilibrium price and output under conditions of perfect
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