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103 - ME Question Bank

The document is a question bank for a Managerial Economics course, covering both short note and long questions. Topics include basic economic problems, cost concepts, market structures like monopoly and oligopoly, and the consumption and investment functions. It also addresses government intervention and economic policies related to trade cycles and market pricing strategies.

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suyash.r24-26
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22 views3 pages

103 - ME Question Bank

The document is a question bank for a Managerial Economics course, covering both short note and long questions. Topics include basic economic problems, cost concepts, market structures like monopoly and oligopoly, and the consumption and investment functions. It also addresses government intervention and economic policies related to trade cycles and market pricing strategies.

Uploaded by

suyash.r24-26
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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IIEBM

Sem - I (2024-26) 103 - Managerial Economics


Question Bank
Short note questions
1. Basic Economic Problems of Every Economy
2. Profit Maximization
3. Exceptions To the Law of Demand
4. Exceptions To the Law of Supply
5. Importance Of Price Elasticity of Demand
6. Economies and Diseconomies of Scale
7. Private Cost and Public Cost
8. Accounting Costs and Economic Costs
9. Explicit Cost and Implicit Cost
10. Penetrative And Skimming Pricing
11. Price Leadership and Cyclical Pricing
12. Kinked Demand Curve
13. Cartel Group Behaviour in Oligopoly
14. Excess Capacity
15. Price Discrimination
16. Product Differentiation
17. Multiplier Effect
18. Accelerator Effect
19. Types Of Investments for Investment Function
20. Consumption Function
21. Law of Variable Proportions
22. Returns to Scale

Long questions
1. Explain the Concept / Relationship of Cost Fixed Cost and Total Variable Cost with
the help of a Diagram
2. Explain The Relationship Between Different Costs in The Short Run
3. Explain The Concept of AFC, AVC, MC And Average Cost.
4. What Is Perfect Competition? What are its Features or Characteristics or Conditions?
5. Define Monopoly. Elaborate the Causes of Monopoly
6. How Is Price and Output determined Under Monopoly
7. What Is Monopolistic Competition Explain its Features
8. Describe Short Run Equilibrium of a Firm under Monopolistic Competition
9. Describe Short Run Equilibrium of a Firm under Perfect Competition
10. What is Oligopoly? What are the features of Oligopoly?
11. What is the Need for Government Intervention?
12. Explain The Consumption Function with the help of a Diagram
13. What are the factors Affecting Consumption Function?
14. Explain the concept of Investment Function
15. Define different types of Investment Functions
16. What Is Multiplier? How Does It Work to Multiply Income Levels in The Economy
17. What Is a Trade Cycle What Are the Characteristics of Trade Cycle?
18. Explain The Different Phases of Trade Cycle
19. Explain The Turning Points of Trade Cycle
20. What Is the Role of Monetary and Fiscal Policy?
21. What Is Contractionary or Expansionary Government Policy
22. What Does the Government do to bring the Economy Out of Depression?
23. “A minimum support price (MSP) for agricultural goods is a market intervention
method to guarantee study and assured income to farmers” - do you agree with this
statement? Justify your answer.
24. The firm in a perfectly competitive market is a price taker. This designation as a price
taker is based on the assumption that there are so many buyers and sellers in the
market that any individual firm cannot affect the market - do you agree with this
statement. Justify your views.
25. Suppose that a sole proprietorship is earning total revenues of Rs 1 lakh and is
encouraging explicit costs of Rs 75000 who is the owner could work for another
company for 30000 a year we would conclude that
⮚ the firm is incurring an economic loss
⮚ implicit costs are Rs 25000
⮚ the total economic costs are Rs 1 lakh
⮚ the individual is earning an economic profit of Rs 25000
which of the above options is correct? Explain your answer with adequate reasoning.
26. In the table given below, what will be the equilibrium market price
27. What is a Production function?
28. You are required to compute the various costs in the below given table and
graphically represent the same (Averages and Marginal only):
Quantity Total Total Total Average Average Average Marginal
Cost Variable Fixed Fixed Variable Total Cost
Cost Cost Cost Cost Cost

- 100

1 150

2 190

3 220

4 260

5 310

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