Roll no.

KANPUR INSTITUTE OF TECHNOLOGY, KANPUR

B.Tech-IIIrd YEAR
PRE UNIVERSITY TEST
ENGINEERING AND MANGERIAL ECONOMICS
SUBJECT CODE-EHU-501
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Time-3 Hrs.
Max marks: 100
Attempt all questions:
SECTION A
Answer any five questions and each question carries seven marks each: (5*7)=35
Q-1: What are the types of markets & explain their features?
Q-2: Elaborate the uses of elasticity of demand in managerial decision making?
Q.3: Explain Total, Average and Marginal costs?
Q-4: What do you mean by business cycles explain?
Q-5: What are the types of elasticitys?
Q-6: Explain the determinants of demand?
Q-7: Explain different definition of economics?
Q-8: What are the methods of demand forecasting?
SECTION B
Q-1: What do you mean by managerial economics and Managerial economics is economics
applied in decision making. explain.(10)
Or
What is micro & macro economics? What is the relationship of managerial economics with other
relevant disciplines?
Q-2: How is the point of equilibrium of a firm achieved in a perfectly competitive market and
what are the conditions of profit in the long run and short run ?(10)
Or
How is the point of equilibrium of a firm achieved in a imperfectly competitive market and what
are the conditions of profit in the long run and short run in a monopolistic market?
Q-3-What do you mean by kinked demand curve in a oligopolistic market and elaborate the
differences between oligopolistic and monopolistic market?(10)
Or
Explain the concept of national income along with the aggregates of calculating national
income?
Q-4- Explain the concept of short run cost curve along with long run cost curves?(10)
Or
Explain the law of variable proportions and the law of returns to scale in detail?
Q-5-How is national income measured (all three methods)? (10)
Q.6- What are the methods of preventing inflation, what are the Types of inflation and also
explain the causes of inflation? (10)
Q7.