Exam Details
| Subject | managerial economics | |
| Paper | ||
| Exam / Course | m.b.a. | |
| Department | ||
| Organization | Institute Of Aeronautical Engineering | |
| Position | ||
| Exam Date | June, 2018 | |
| City, State | telangana, hyderabad |
Question Paper
Hall Ticket No Question Paper Code: CMB003
INSTITUTE OF AERONAUTICAL ENGINEERING
(Autonomous)
MBA I Semester End Examinations (Supplementary) June, 2018
Regulation: IARE-R16
Managerial Economics
Time: 3 Hours Max Marks: 70
Answer ONE Question from each Unit
All Questions Carry Equal Marks
All parts of the question must be answered in one place only
UNIT I
1. Explain the role and responsibilities of a managerial economist in business .
How do operations research and marketing get very close to managerial Economics? Explain.
2. Explain the significance of economies of risk and uncertainty in decision making of business.
Define managerial economics. What are the subjects that are related to managerial economics.
UNIT II
3. Define demand. Explain the types of demand and its nature.
Define the concept supply and the law of supply.
4. What is meant by demand forecasting? Why it is necessary for the managers of business firm?
Define elasticity of demand. Explain the significance of elasticity of demand.
UNIT III
5. What is economies of scale? Explain internal and external economies of scale.
How does the law of variable proportions operate? Explain with the help of assumed data and
also represent it in a diagram.
6. Explain the term ISO Quant's and ISO costs and what are types of ISO Quant's?
Define production function and explain the Marginal Rate of Technical Substitution(MRTS).
Page 1 of 2
UNIT IV
7. Define cost. Explain different cost concepts that are used by manager for decision making.
Explain the concepts: AFC, AVC, ATC and MC.
8. Give the reasons for the U shape of long run AC curve.
Define break even point. What are the factors influencing cost?
UNIT V
9. Do you think monopoly is still present in current business environment? Explain how price
output is determined in monopoly in the long run and short run.
Explain the difference between perfect competition and monopoly.
10. Explain oligopoly competition. Explain price and output determination in oligopoly market.
Explain the difference between Monopoly and Monopolistic competition.
INSTITUTE OF AERONAUTICAL ENGINEERING
(Autonomous)
MBA I Semester End Examinations (Supplementary) June, 2018
Regulation: IARE-R16
Managerial Economics
Time: 3 Hours Max Marks: 70
Answer ONE Question from each Unit
All Questions Carry Equal Marks
All parts of the question must be answered in one place only
UNIT I
1. Explain the role and responsibilities of a managerial economist in business .
How do operations research and marketing get very close to managerial Economics? Explain.
2. Explain the significance of economies of risk and uncertainty in decision making of business.
Define managerial economics. What are the subjects that are related to managerial economics.
UNIT II
3. Define demand. Explain the types of demand and its nature.
Define the concept supply and the law of supply.
4. What is meant by demand forecasting? Why it is necessary for the managers of business firm?
Define elasticity of demand. Explain the significance of elasticity of demand.
UNIT III
5. What is economies of scale? Explain internal and external economies of scale.
How does the law of variable proportions operate? Explain with the help of assumed data and
also represent it in a diagram.
6. Explain the term ISO Quant's and ISO costs and what are types of ISO Quant's?
Define production function and explain the Marginal Rate of Technical Substitution(MRTS).
Page 1 of 2
UNIT IV
7. Define cost. Explain different cost concepts that are used by manager for decision making.
Explain the concepts: AFC, AVC, ATC and MC.
8. Give the reasons for the U shape of long run AC curve.
Define break even point. What are the factors influencing cost?
UNIT V
9. Do you think monopoly is still present in current business environment? Explain how price
output is determined in monopoly in the long run and short run.
Explain the difference between perfect competition and monopoly.
10. Explain oligopoly competition. Explain price and output determination in oligopoly market.
Explain the difference between Monopoly and Monopolistic competition.
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Subjects
- accounting for management
- business law and environment
- business law and ethics
- business research methods
- c programming
- compensation and reward management
- consumer behavior
- e- marketing
- entrepreneurial development
- financial accounting and analysis
- financial derivatives
- financial management
- financial modeling
- financial services and systems
- human resource management
- integrated marketing communication
- intellectual property rights
- leadership and change management
- management and organizational behavior
- management of technology
- managerial economics
- marketing management
- mis and enterprise resource planning
- operations management
- performance management
- product and brand management
- quantitative analysis for business decisions
- retailing management
- rural marketing
- security analysis and portfolio management
- statistics for management
- strategic human resource management
- strategic investment and financing decisions
- strategic management
- strategic management accounting
- talent and knowledge management
- training and development
- wto and intellectual property rights