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MBA I Semester
Subject Title: Economic Analysis for Business Decisions Code: MGT 3002
Question Bank
1. Define Micro Economics.
2. What is Marginal Utility?
3. Define Price, Income and cross Elasticity of Demand
4. What is Monopoly? State its features.
5. Explain features of oligopoly briefly.
6. What is price discrimination? Give an example
7. Explain the concept of Demand
8. Define law of supply
9. Define managerial economics. Discuss its nature, scope and importance
detail.
10. What do you know about the theory of firm? Explain various theory of firm and
also draw diagram where necessary.
11. Discuss the role of managerial economist in detail.
12. What is perfect elasticity of demand?
13. Explain the Law of Diminishing Utility Theory.
14. What is Monopolistic Competition? How it differs from Perfect competition
15. “Managerial Economics is applied economics” Do you agree? Explain.
16. What is price elasticity of demand? Explain its type.
17. What is Market Equilibrium? How price is determined in a perfect
competition?
18. What is demand forecasting? Explain any two methods of demand
forecasting.
19. Explain the concept of Law of Demand.
20. Define production function and explain the law of one variable production with
an example.
21. Define the concept of economies of scale and explain its relevance in
production capacity planning.
22. Give a brief explanation of Production with two variable input with the help of
graph.
23. Compare and Contrast between Monopoly and Monopolistic Competition.
24. Explain the concepts of supply and demand with reference to prestigious
products.
25. Explain the concept shift in demand and supply. Explain how the shifts in both
affect the price determination with the help of graphs.
26. Explain the production function concept with the help of production possibility
curve.
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