Roll no.

KANPUR INSTITUTE OF TECHNOLOGY, KANPUR

2014-2015
B.Tech-IIIrd YEAR(ME,EC,CS)
PRE UNIVERSITY TEST
ENGINEERING AND MANGERIAL ECONOMICS
SUBJECT CODE-EHU-501
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Time-3 Hrs.
Max marks: 100
Attempt all questions. All questions carry equal marks:
1.Attempt any two parts of the following:
(10X2=20)
(a)What do you mean by managerial economics and Managerial economics is economics
applied in decision making. explain.
(b)What is ME? Discuss the Marshallian approach of Economics.
(c)Describe the law of demand and also explain determinants of demand?
2.Attempt any two parts of the following:
(10X2=20)
(a)What is Marginal rate of technical substitution? How can it be derived?
(b)Explain the law of variable proportions and the law of returns to scale in detail?
(c) Explain the concept of short run cost curve along with long run cost curves
3.Attempt any two parts of the following:
(10X2=20)
(a) What are the methods of preventing inflation, what are the Types of inflation and also explain
the causes of inflation?
(b)Define business cycle and its phases?
(c) 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?
4. Attempt any two parts of the following:
(10X2=20)
(a)Detail and differentiate diagrammatically, the Movement along the demand curve and shift
in demand curve?
(b) Explain the concept of national income along with the aggregates of calculating national
income and How is national income measured?
(c)What are the different types of markets? How will you differentiate between
Monopoly,oligopoly,duopoly?
5. Attempt any four parts of the following:
(5X4=20)
1) Price elasticity
2) Contribution of Science, Engineering,& Technology in Economic development
3) NNP at factor cost & GDP
4) Economy of scale
5) Techniques of Demand forecasting
6) Scope of Managerial economics in Engineering