Model Question Paper MBA SEM-II

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MANAGERIAL ECONOMICS FULL MARKS: 70 (SEMESTER II) Short Questions 1. Define Managerial Economics. Explain its nature, scope and significance. 2. Explain elasticity of demand and it's measurement. 3. Explain law of diminishing marginal utility with the help of graph. (Marshallian Approach) 4. Explain the law of demand. State its assumptions and exceptions whether this law holds good for inferior goods. 5. Distinguish between cross elasticity of demand and elasticity of price. 6. Define Cost. What are the types of Cost. Long Questions 1. Explain ‘U’ shape of cost curve in short run. 2. Explain law of variable proportion with the help of diagrammatic representation. . 3. Define Indifference Curve. What are the properties of IC? How consumer be in equilibrium through IC.(Hicksian Approach) 4. Explain Break Even Point analysis with diagram. 5. What are the different methods of demand forecasting. Discuss the various steps involved in demand forecasting. 6. Explain Demand Estimation. How it estimated.

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