Jawaharlal Nehru Technological University Hyderabad 2011-1st Sem M.B.A Code No: MA112/MA102 –s,/ust MANAGERIAL ECONOMICS - Question Paper

1. explain the nature and scope of managerial economics. elaborate the other related disciplines?

2. What is meant by time perspective in business decisions? Under what type of business time perspective became an important consideration?

3. What is meant by equilibrium price and quantity? What factors reason an up ward right and upward left shift if the equilibrium point from its original position?

4. describe the marginal rate of substitution. What is the legal regulations behind the diminishing marginal rate of substitution?

5. State and illustrate the Cobb – Douglas production function. elaborate the properties of this function?

6. What is meant by dis economies of scale? How do dis economies affect the returns to scale?

7. What factors determine the market structure? How does the market structure affect pricing decision of a firm?

8. What is opportunity cost? provide a few examples of opportunity cost. How is it relevant for managerial decisions?

Earning:   Approval pending.