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Managerial Economics Question Papers For Students

Below are Managerial Economics Question Papers for reference. To create these question paper sets, we have referred to previous years question papers of Pune University.

We hope these model question papers of economics will help students from various commerce and management streams like MBA, MMS, PGDM, PGDBM, BBA, Bcom, etc.

Managerial Economics Question Papers Set 1

MAY 2009 OLD

Instructions to the candidates:

  • 1) Answer any Five questions.
  • 2) All questions carry equal marks.
  • 3) Draw suitable diagrams wherever necessary.

Q1) Describe the nature, scope and practical significance of Managerial Economics.

Q2) Describe fully the concept of price elasticity of demand.

Q3) State and explain the Law of Diminishing Marginal Returns.

Q4) a) What are the features of Oligopoly

b) Explain Innovation theory of profit.

Q5) What is Cost-Benefit Analysis? Explain the steps involved in it.

Q6) a) Can government intervention helps in controlling monopolies and regulating prices? Support your answer.

b) Explain the term disinvestment with examples.

Q7) Write notes on (Any two):

a)         Significance of national income accounting.

b)          Consumption function.

c)          Objectives of demand forecasting.

d)         Need for planning in business.

Managerial Economics Question Papers Set 2

1) Attempt any five questions.

2) All questions carry equal marks.

3) Draw suitable diagrams wherever necessary.

Q1) Define Managerial Economics. Explain its scope and importance for
managerial decisions

Q2) a) Explain the various determinants of demand.

b)  How is Price Elasticity measured?

Q3) State and explain the ‘Law of variable proportions’.

Q4) Show how price and output are determined under the conditions of perfect competition in the long run.

Q5) Explain cost-plus pricing and marginal cost pricing.

Q6) a) What are the different steps involved in a project evaluation?

b) Justify the need for Government Intervention in the market.

Q7) Write short notes on any two of the following:

a) Static and Dynamics.

b) Break-Even Analysis.

c) Price Discrimination.

d)  Support Price.

Question Paper Set 3

DECEMBER 2008

Instructions to the candidates:

1) Answer to Q.1 is compulsory.

2) Answer any two questions from each section.

3)  Draw suitable diagrams wherever necessary.

4)  Figures to the right indicate full marks.

Q. 1) Explain with examples, the economic principles underlying the managerial decisions. [10]

SECTION – I

Q. 2) Why there is a need for Demand Forecasting? Explain any two methods of demand forecasting for the established product. [15]

Q. 3) Define ‘Production Function’. Explain with a diagram, the three stages of the   Law of Variable Proportions.  [15]

Q. 4) How is price and output determination under monopoly different from that under perfect competition?   [15]

Q. 5) Explain the following pricing strategies:  [15]

a) Cost-Plus Pricing.

b) Penetration Pricing.

SECTION – II

Q. 6) what is ‘Capital Budgeting’? Describe the steps involved in the project Evaluation (15]

Q. 7) Justify the need for Government Intervention in the working of the market. In what ways, can Government intervene?    [15]

Q. 8) Discuss the various methods of investment appraisal?   [15)

Q. 9) Write notes on any two of the following:

a) Concept of optimisation.

b) Exceptions to the law of supply.

c) Methods of cost control.

d) Product Differentiation.

Question Paper Set 4

MAY’8

Instructions to the candidates:

1) Answer to question No.1 is compulsory which carries 10 marks.

2) Attempt any 4 of the remaining questions that carry 15 marks each.

3) Draw suitable diagrams wherever necessary.

Q1)  Which economic concepts can be used by managers in taking various business
decisions.

OR

Justify the need for government intervention in the economy.

Q2)  Why does the normal demand curve slope downwards? Can there be an
upward rising demand curve? Explain with examples.

Q3)  Define the production function. State and explain the ‘Law of Diminishing
Marginal Returns’

Q4)    Explain the classification of the market on the basis of the degree of competition.

Q5)   What is ‘Cost-benefit analysis’? Justify its use in the implementation of
developmental projects.

Q6)    a) Explain the term ‘Support price’ and ‘Administered price’.

b) How consumer’s interest can be protected?

Q 7) Write notes on any two:

a) Methods of measuring price elasticity of demand.

b) Exceptions to the Law of Supply.

c) Significance of National Income Accounting.

d) Innovation theory of profit.

Managerial Economics Question Papers Set 5

MAY 2007

Instructions:

1)       Question No.1 Compulsory which carries 10 marks.

2)       Attempt any four questions from the remaining that carry 15 marks each.

3)       Draw Suitable diagram whenever necessary.

Q1)    Define ‘Managerial Economics’. Discuss its nature and scope.

OR

Discuss the factors affecting Price elasticity of demand with the help of suitable examples.

Q2)    Why is demand forecasting essential? Explain the different techniques of survey method.

Q3)    State and explain the theory of Law Of Variable Proportions.

Q4)    Distinguish between perfect competition and imperfect competition.

Q5)    What do you understand by ‘cost Benefit Analysis’? Discuss the steps involved in it.

Q6)    Distinguish between GDP & NDP. Describe the various method of Measuring National Income.

Q7) Write Short Notes on (Any Three)

a)                 Pricing in Public sector Undertaking(PSUs)

b)                  Disinvestment.

c)                  Innovation Theory of Profit.

d)                 Long-run average cost curve (LRAC).

Question Paper Set 8

MAY 2006

Instruction to the candidates:

1)     Answer to Q.1 is compulsory & carries 10 marks.

2)     Answer any 2 from each section and the question carry 15 marks each.

3)     Draw neat diagrams wherever necessary.

SECTION-I

Q-1) How would you apply the knowledge of Economics to the managerial decision making?

Q-2) Explain the relationship between price and quantity demanded of a commodity.

Q-3) What are the determinants of supply? Explain the concept of elasticity of supply.

Q-4) Briefly review the theories of profit.

Q-5) Write notes on Any 2:

a) Variations in demand and changes in demand.

b) The stage of decreasing returns.

c) Significance of price elasticity of demand.

d) Short term costs.

SECTION-II

Q-6) Distinguish between perfect competition and monopoly.

Q-7) What is Cost-Benefit –Analysis? Describe the steps and use of the concept

Q-8) a) Explain pricing methods of the public sector.

b) Why consumer’s interest should be protected and how?

Q-9) Write notes on any 2:

a) Features of the cooperative form of organization.

b) Need for government’s intervention in the economy.

c) Importance of national income accounting.

d) Investment function.

Question Paper Set 9

MAY 2006 OLD

Instruction to the candidates:

1)     Answer any four questions.

2)     All questions carry equal marks.

Q-1) Explain the price and macroeconomic approaches to the study of Economics.

Q-2) Describe the price and demand relationship with suitable examples.

Q-3) State and explain the Law of diminishing marginal utility.

Q-4) Describe the three stages of the Law of variable proportions with diagram.

Q-5) What is meant by ‘Monopolistic Competition’? Give its features with examples.

Q-6) Why the Modern theory of rent is superior to the classical theory of rent?

Q-7) Explain the concepts:

a) Minimum wage.

b) Product differentiation.

Q-8) Write notes on any 2 :

a) Exceptions to the Law of supply.

b) Features of oligopoly.

c) Input-output analysis.

d) Cost-plus pricing.

Managerial Economics Question Papers Set 10

OCTOBER 2006

Instructions:

1)     Answer any 3 questions from Section I and 2 questions from Section II.

2)     All questions carry 14 marks each.

3)     Draw suitable diagrams wherever required.

SECTION –I

Q-1) Define ‘Managerial Economics’ Describe its scope and practical significance.

Q-2 Explain fully the concept of ‘price elasticity of demand’.

Q-3) State and explain the Law of Variable Proportions.

Q-4) a) What is cost function? Explain the cost concepts-TC, AC, MC.

b) Describe the characteristics of profit as a factor reward.

Q-5) Show how a monopoly firm reaches its equilibrium in the short run with the help of MR and MC curves.

SECTION -II

Q-6) Why government declares support prices and administered prices?

Q-7 a) What is economic liberalization?

b) How consumer’s interest can be protected?

Q-8) Define GNP and NNP and discuss the methods and difficulties in national
income accounting.

Q-9) Write notes on any 2:

a) features of Oligopoly.

b) Justification for the use of cost-benefit-analysis.

c) Disinvestment in the public sector.

d) Consumption function.

Sample Question Papers Set 11

MAY 2005

Instruction :

Answer any two questions from both the sections.
All questions carry equal marks.
Draw neat diagrams wherever necessary.

SECTION-I

Q-1) What is Managerial Economics? Discuss its scope and importance.

Q-2) Why ‘joint-stock company’ form of business organization is popular?

Q-3) What is demand forecasting? Describe any 2 methods and objectives of demand forecasting.

Q-4) Write notes on any two:

a) Nature of microeconomics.

b) Non-profit organizations.

c) Law of Supply.

d) Break-even analysis.

SECTION-II

Q-5) State and explain the Law of Variable Proportions.

Q-6) Show how a monopoly firm reaches its equilibrium in the long run.

Q-7) What are the steps involved in Cost-Benefit Analysis? Are there any shortcomings of this method?

Q-8) Write notes on any two:

a) Product differentiation.

b) Administered prices and support prices.

c) Private gods Vs Public goods.

d) Protection of consumer’s interest.

Question Papers Set 12

OCTOBER 2005

Instruction to the candidates:

Answer to Q1. is compulsory which carries 10 marks

Attempt any 4 questions from the remaining that carry 15 marks each.

Draw suitable diagrams wherever necessary.

Q-1)    Explain the nature and significance of ‘Managerial Economics’. How is it related to Macro Economics?

OR

What is ‘Demand Forecasting’? What are its objective and types?

Q-2)    Explain fully the concept of ‘Price Elasticity of Demand’.

Q-3)    Explain the terms T.C., A.C. and M.C. with examples. Why does the long run A.C. curve is saucer-shaped?

Q-4)    Give the classification of the market on the basis of the degree of competition.

Q-5)    What is ‘Cost-Benefit Analysis? Describe the steps involved in it and its limitations.

Q-6)    a) How does Government control monopoly?

b) What are the advantage and disadvantages of Economic Liberalisation?

Q-7)    Write notes on any Two:

a)  Dynamic Theory of Profit.

b)  Private Vs. Public Goods.

c)  Exceptions to the ‘Law of Supply’.

d)  Difficulties in the National Income Estimate.

Model Question Paper Set 13

  • APRIL 2012
  • Total No. of Questions: 7  
  • Total No. of Pages: 1
  • Subject Code – 103
  • Department: M.B.A.
  • Pattern: 2008
  • Semester – I
  • Time :3 Hours
  • Max. Marks:70

Instructions to the candidates:-

  • 1) Attempt any 5 questions.
  • 2) All questions carry equal marks.
  • 3) Draw suitable diagrams wherever necessary.

Q1) Define Managerial Economics. Which economic concepts are useful in decision making for the managers.

Q2) What is Demand Forecasting? Explain the objectives and any two methods with their limitations.

Q3) Define production function. Explain the three types of Returns to scale.

Q4) Compare the price and output determination under the conditions of perfect competition and monopoly in the long run with the help of MR and MC curves.

Q5) Explain the need and steps involved in project evaluation.

Q6) What is Profit? Recommend a suitable profit policy for a well-established firm. Justify your answer.

Q7) Write short notes (any two) :

a) Opportunity cost

b) Elasticity of supply

c) Price skimming

d) Cartel

Managerial Economics Question Papers Set 14

OCTOBER 2011 (2008 Pattern)

  • 1,) Attempt any 5 questions.
  • 2) .411 questions cam’ equal maths.
  • 3) Draw suitable diagrams wherever necessary.

Q1) Define managerial economics which micro and macroeconomic concepts are useful for the managers.

Q2) Explain the price – demand relationship with suitable examples.

Q3) Define ‘Production Function’. Explain internal and external economics.

Q4) Explain the term monopolistic competition’ describe its features with suitable examples. Show how the short-run equilibrium of a firm is reached.

Q5) a) Distinguish between Accounting costs and Economic costs. b) Explain the Break-Even Analysis.

Q6) Describe the cost-plus pricing and penetration pricing methods with suitable examples.

Q7) Write notes on any two:- a) Variation and changes in supply. b) Price discrimination. c) Discounted cash flow method. d) Need for Government Intervention.

Question Paper Set 15

OCTOBER 2010

Instructions to the candidates:

Attempt any 5 questions.

All questions carry equal marks

Draw diagrams wherever necessary.

Q1) Define Managerial Economics’. Explain it’s nature & Scope.

Q2) Why is Joint-stock company form of Business organisation popular?

Q3) Explain the concept of ‘Price Elasticity of Demand’ with reference to types, methods and practical use.

Q4) Explain ‘Law of variable Proportions’ with example.

Q5) How price and output are determined in the short-run and long-run under conditions of perfect competition?

Q6) What is ‘Cost-Benefit Analysis’? Explain steps and justification for the use of cost-benefit analysis.

Q7) Write a short note on any two.

a) Break-Even Analysis.

b) Difficulties encountered in National Income accounting.

c) Exceptions to the Law of supply.

d) Need for demand forecasting.

Set 16

  • APRIL 2010
  • Total No. of Questions: 7
  • Total No. of Page: 1
  • Course, Specialisation: M.B.A.
  • Subject Name and Code: (103) : MANAGERIAL ECONOMICS
    Year & Semester: Sem. – I
  • Pattern: 2008 Pattern (New)
  • Time : 3 Hours
  • Max. Marks: 70

Instructions :

  • Attempt any FIVE questions.
  • All questions carry equal marks.
  • Draw suitable diagrams wherever necessary.

Q1) Which economic decisions taken by the managers are based on economic concepts?

Q2) ‘Relationship between price and demand for a commodity can be inverse as well as direct’. – Explain.

Q3) Why increasing, decreasing and negative returns to scale are experienced?

Q4) Compare the short-run and long-run equilibrium of a monopoly firm by stating the conditions of equilibrium.

Q5) Explain any two pricing methods.

Q6) a) What is product differentiation?

b) Explain the income elasticity of demand.

Q7) Write notes on any two :

a) Exceptions the law of supply.

b) Cast forecasting.

c) Capital budgeting.

d) Need for government intervention in the market.

Paper Set 17

OCTOBER 2009

Instructions to the candidates:

  • Attempt anyFive questions.
  • All questions carry equal marks.
  • Draw suitable diagrams wherever necessary.

Q1) “Managerial economics is both Micro and Macro-. Discuss.

Q2) Explain the inverse relationship between price and demand. Can there be a direct relationship?

Q3) Explain the Law of variable Proportions, with three stages. Review different theories of profit. Explain the short-run equilibrium of a perfectly competitive firm.

Q4) Write notes on any Two of the following:

a) Support prices and administered prices.

b) Difficulties encountered in National Income Accounting.

c) Exceptions to the Law of Supply.

d) Consumer Protection.

Q5)

Q6) What is Cost-Benefit Analysis? Explain steps & justification for the use of cost-benefit analysis.

Question Papers of Managerial Economics Set 18

MAY 2009 OLD

Instructions to the candidates:

1) Answer allY Five questions.

2) All questions carry equal marks.

3) Draw suitable diagrams wherever necessary.

QI) Describe the nature, scope and practical significance of Managerial Economics.

Q2) Describe fully the concept of price elasticity of demand.

Q3) State and explain the Law of Diminishing Marginal Returns.

Q4) a) What are the features of Oligopoly

b) Explain Innovation theory of profit.

Q5) What is cost Benefit Analysis? Explain the steps involved in it.

Q6) a) Can government intervention helps in controlling monopolies and regulating prices? Support your answer.

b) Explain the term disinvestment with examples.

Q7) Write notes on (Any two):

a) Significance of national income accounting.

b) Consumption function.

c) Objectives of demand forecasting.

d) Need for planning in business.

Managerial Economics Question Papers Set 19

MAY 2009 NEW

Instructions to the candidates:- .

1) Attempt any five questions.

2) All questions carry equal marks.

3) Draw suitable diagrams wherever necessary.

Ql) Define Managerial Economics. Explain its scope and importance for managerial decisions

Q2) a) Explain the various determinants of demand.

b) How is Price Elasticity measured?

Q3) State and explain the ‘Law of variable proportions’.

Q4) Show how price and output is determined under the conditions of perfect competition in the long run.

Q5) Explain cost-plus pricing and marginal cost pricing.

Q6) a) What are the different steps involved in a project evaluation?

b) Justify the need for Government Intervention in the market.

Q7) Write short notes on any two of the following:

a) Static and Dynamics.

b) Break-Even Analysis.

c) Price Discrimination.

d) Support Price.

Hope these Managerial Economics Question Papers will help you for exam preparation.