SECTION-A

a. What is managerial economic?

b. What Is Micro economics?
c. State law of Demand
d. What is Utility?
e. What do you mean by labour?
f. What is fixed cost? Give example
g. What is production function?
h. What do mean by economies of scale?
i. What do you mean break even point
j. What is Business cycle?
k. What are stages of business cycle?
l. Calculate price elasticity of Demand from the following

Q1 =10 P1 = 450
Q2 = 14 P2 = 400

SECTION-B

Answer any four of the following each marks carries 5 marks

1. What is managerial economic? what are the difference between Micro economic and
Macro economic
2. Explain supply with its exceptions
3. Explain the economies of scale
4. What are cost explain the following :
i. Fixed cost
ii. Variable cost
iii. Marginal cost
iv. Average fixed cost
v. Average marginal cost
5. What is perfect competition market? explain its features
6. Explain the causes for the Business cycle.

SECTION-C
Answer any four questions
1. Explain the Role and Responsibility of the Managerial economist
2. Explain the Law of Demand with its Diagram
3. What is economies of scale? Explain types of economies scale
4. Find FC VC AC MC AFC and AVC from the following data

Units 0 1 2 3 4 5
Total cost 200 250 320 390 440 500
5. Explain various stages in Business cycle
SECTION –D