Managerial Economics - XIBMS solved papers

 

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Managerial Economics

Total Marks - 80

Answer any FIVE Questions. All Questions carry equal marks [16]

1. What is Demand? Explain the nature of demand. [16]

2. Differentiate between risk, certainty and uncertainty? [16]

3. Explain the optimization models and write their uses? [16]

4. Define managerial economics. Discuss the significance of managerial economics in modern times. [16]

5. Compare the demand pull inflation with cost push inflation?[16]

6. Explain the significance of the distinction of the fixed cost and the varisble cost in the determination of the equilibrium of a farm? [16]

7. What is money illusion? Why is the existence of money illusion important to the derivation of the short run Phillip curve? [16]


8. What do supply schedule and supply curve show? What is the usual shape of the supply curve? Why? [16]
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