Question Bank

Subject: Managerial Economics Code-BBA-103

1. What is Managerial Economics? Discuss the nature and scope of managerial Economics?(2011)
2. Explain opportunity cost with examples? (2010)
3. What is Incremental Principle explain in details. (2011)
4. Distinguish between Incremental principle and marginal principled
5. What is equilibrium? Describe various types of equilibrium. (2009)
6. Explain the Law of Demand. Why does a demand curve slope downward to the right? Are there
any exceptions to it.(2011)
7. Discuss the major determinants of Demand.
8. Critically examine the law of diminishing marginal utility.
9. State and explain Law of equi-marginal utility give its limitations and importance. (2011)
10. Explain Income effect and Substitution effect with the help of indifferent curve technique.
(2010)
11. Distinguish between Cardinal Utility and Ordinal Utility.(2011)
12. What is elasticity of demand? Distinguish between price elasticity, income elasticity and cross
elasticity of demand and their importance in economic theory. (2009)
13. What are indifference curves explain the properties of indifference curves? (2012)
14. Explain the law of variable proportion. What are the causes of the application of this law ?
(2012)
15. What is meant by returns to scale? Explain the law of diminishing returns to scale. Why is it more
widely applicable on agriculture? (2009)
16. Define Monopoly. Explain price and output determination under monopoly. (2010)
17. What is oligopoly? Explain price and output determination under price-leadership model of
oligopoly. (2011)
18. Define Perfect competition. Explain price and output determination under Perfect competition.
(2008)
19. Define monopolistic competition. Explain price and output determination under monopolistic
competition. (2009)