Printed Pages-3 EHUsO1

(Following Paper lD and RollNo. to be filled in your:Answer B:ook

B. Tech.
(sEM. V) THEORY EXAMTNATTON 2011-r2
ENGINEEzuNG AND MANAGERIAL ECONOMICS

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Note :- Answer all Ouestilns All questions cairy equalinarks.

l. Answer any two of the following : ; (10x2=20)

(a) What is Managerial Economicp ? Discuss the Marshallian

Approach of Economics ? ,

(b) Wha.t are the applications of eqonomic theories in the field

of Engineeriqg ? l

(c) Adam, a Tea vendoa is willjing to purchase a "TAIA

SUMO"-is it a Demand for iTATA Company ? Define
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Demand and detail factors affpCting the demand.

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2. Answer any two,of the,fol,lowing :
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(10,x2=20)
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(a) Plot a diagranr showing"l "Dem{:r d Curve" forthe "Demand

Schedule" given below, ,,' t .

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 (a) Demand Schedule I :'''
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Priee per Pizza Quantity Dernanded

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: PerWee-!,[$[i""').
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(a) 15
(b) 12 , ,,, 14

(c)gi,20
(d) 6,, i 216 :,,'r
(e) 3 32

(b) Detait and differentiate diagrammatically' the "Movemenl

along Demand Curve" aud "Shifts in Demand
Curve"' '

(c) What is Price elasticity of demand ?

(10x2=20)
3. Answer anY two of the following:

(a) the tendency of "Fixed Cost

"Choose thb diagram showing

Curve". Also define Fixed Cost Curve'

(a) (b)

0 queNrrrv Y
o eue.NrtrY Y

(b) What is "Diminishing Retur4s Scale" ?

(c) What is "Production Function" ?

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4. Answer any two of the following : (10x2:20)

(a) Wrat are the different types of markets ? How will you
differentiate between "Monopoly" and "Duqpoly" ?

(b) What is National Income ? What are the rnethods of

measuring National Income ?
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(c) What are the different phasqs of Business.Cycle ?

Elaborate the decline phase. i

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5. Write short notes on any four of the (bllowing : (Sx4=20)

(a) Substitute Effect

(b) Cost and Revenue Curves

(c) Inflation

(d) Scope of Managerial Economic$

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(e) Perfect Cornpetition. j

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