MEFA Latest Imp Questions:-

Unit-1:-
1. A) Discuss the nature and scope of managerial
economics.
B) Explain the relationship with other subjects.

2. A) Define demand? & Types demand .Explain the

determinants of demand.
B) Explain the Law of demand, demand schedule,
demand curves?

3. A) Explain the methods of demand forecasting?

B) Define demand elasticity. Explain different types
and measurements of elasticity and their
significance.

4. Explain the concept of law of supply? Limitations

Unit-2:-

1. Explain Iso-Quant and Iso-Cost Curves, its

features?

2. A) Explain the production function – Its decision

making
B) Explain the Cobb- Douglas production function?

3. A) Explain the law of variables propositions?

B) Explain the economies of scale and
diseconomies

4. BEP- Graph – uses and limitations?

 Unit-3:-
1. A) Define Market. Explain Structure of Market
B) Explain the perfect compition? Features and
price determination under perfect market.

2. A) Discuss Advantages and Disadvantages of

Partnership
B) Explain the features and advantages of Joint
stack company

3. Explain Business Cycles. Features and phases of

business cycles

UNIT-4:-

1. A) Double Entry System Advantages and

limitations
B) Classification of accounts and their principles

2. Functions and scope of accounting?

3. A) What is Ratio Analysis, Different types,

Limitations
B) Distinguish between Funds flow and Cash flow
statements.
UNIT-5:-

1. A) Explain NPV & IRR methods with examples

B) Capital Budgeting need and importance of
capital budgeting

2. Explain Journal and ledger with formats

3. Problems based on topics- NPV, IRR, ARR, Pay
Back Period, Break Even Point (BEP), Capital
Budgeting, Journal Entries, Straight line methods
of Depreciation.