5. Explain the law of equi- marginal utility with a suitable example,
6. The market demand for a good at Rs. 4 is 100 units. The price rises and as a
result its market demand falls to 75 units. Find out the new price if the price
elasticity of demand for that good is -1
SECTION B
(5x10 Marks-50
Attempt any five questions
arks)
1. "Managerial economics is the integration of economic theory with business
practice for the purpose of facilitating decision making and forward planning by
management". Explain
2. The price of salt and its demand per kg is shown in the following table. Our
problem is to fit a regression line and estimate the demand for salt when price is
Rs. 30 per kg and 22 per kg
Price
18 19 20 23 25
Demand
70 65 60 55 50
3. Assume that a firm increases the productivity of workers through a special
innovative learning and training How would this affect its total product, average
product and marginal product curves? Why?
4. What are the different types of smoothing techniques? Which one is the best
according to you? Defend your answer with economic logie
5. What are the economic entry barriers which create monopoly? illustrate with
example from Indian economy.
6. Assume a consumer's income is Rs 7000: he has to buy burgers at Rs 35 each
and coffee at Rs 30 each. Formulate the equation of budget line for this
consumer that would indicate the amount of income spent on burgers and coffee
Find the intercept on each axis and the slope of the budget line. Plot the budget
line
SECTION C
(2x7.5-15
Attempt both the cases
Marks)
Answers
Answer:
5. Explain the law of equi- marginal utility with a suitable example,
6. The market demand for a good at Rs. 4 is 100 units. The price rises and as a
result its market demand falls to 75 units. Find out the new price if the price
elasticity of demand for that good is -1
SECTION B
(5x10 Marks-50
Attempt any five questions
arks)
1. "Managerial economics is the integration of economic theory with business
practice for the purpose of facilitating decision making and forward planning by
management". Explain
2. The price of salt and its demand per kg is shown in the following table. Our
problem is to fit a regression line and estimate the demand for salt when price is
Rs. 30 per kg and 22 per kg
Price
18 19 20 23 25
Demand
70 65 60 55 50
3. Assume that a firm increases the productivity of workers through a special
innovative learning and training How would this affect its total product, average
product and marginal product curves? Why?
4. What are the different types of smoothing techniques? Which one is the best
according to you? Defend your answer with economic logie
5. What are the economic entry barriers which create monopoly? illustrate with
example from Indian economy.
6. Assume a consumer's income is Rs 7000: he has to buy burgers at Rs 35 each
and coffee at Rs 30 each. Formulate the equation of budget line for this
consumer that would indicate the amount of income spent on burgers and coffee
Find the intercept on each axis and the slope of the budget line. Plot the budget
line
SECTION C
(2x7.5-15
Attempt both the cases
Marks) Explain the law of equi- marginal utility with a suitable example,
6. The market demand for a good at Rs. 4 is 100 units. The price rises and as a
result its market demand falls to 75 units. Find out the new price if the price
elasticity of demand for that good is -1
SECTION B
(5x10 Marks-50
Attempt any five questions
arks)
1. "Managerial economics is the integration of economic theory with business
practice for the purpose of facilitating decision making and forward planning by
management". Explain
2. The price of salt and its demand per kg is shown in the following table. Our
problem is to fit a regression line and estimate the demand for salt when price is
Rs. 30 per kg and 22 per kg
Price
18 19 20 23 25
Demand
70 65 60 55 50
3. Assume that a firm increases the productivity of workers through a special
innovative learning and training How would this affect its total product, average
product and marginal product curves? Why?
4. What are the different types of smoothing techniques? Which one is the best
according to you? Defend your answer with economic logie
5. What are the economic entry barriers which create monopoly? illustrate with
example from Indian economy.
6. Assume a consumer's income is Rs 7000: he has to buy burgers at Rs 35 each
and coffee at Rs 30 each. Formulate the equation of budget line for this
consumer that would indicate the amount of income spent on burgers and coffee
Find the intercept on each axis and the slope of the budget line. Plot the budget
line
SECTION C
(2x7.5-15
Attempt both the cases
Marks)