ANURAG GROUP OF INSTITUTIONS

(Autonomous)

MBA I Semester End Examinations (Regular), February-2024

Subject: MANAGERIAL ECONOMICS

Time: 3 Hours Max. Marks: 70

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Note: Answer all questions from Part A and Part B.

PART A (10 X 2 = 20 Marks)

Answer all questions in brief. Each question carries 2 marks.

1. Define Managerial Economics.
2. What is meant by Opportunity Cost?
3. What is Cross Elasticity of Demand?

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4. Define Production Function.
5. What are Isoquants?
6. Define Market.
7. What is Break-Even Point?
8. Define Monopoly.

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9. What are Business Cycles?
10. Define Inflation.

PART B (5 X 10 = 50 Marks)

Answer all questions. Each question carries 10 marks.

1. a) Discuss the nature and scope of Managerial Economics.
   (OR)
   

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   b) Explain the role of Managerial Economist in decision making.
2. a) Explain the various methods of Demand forecasting.
   (OR)
   b) What is Elasticity of Demand? Explain its types and significance.
3. a) Explain Cobb-Douglas Production Function.
   

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   (OR)
   b) Explain the Law of Returns to Scale.
4. a) What is Perfect Competition? Explain price determination under Perfect Competition.
   (OR)
   b) Explain different methods of pricing.

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5. a) What is National Income? Explain the methods of measuring National Income.
   (OR)
   b) Explain phases and causes of Business cycles.

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