MANAGERIAL ECONOMICS 1. 2. 3. 4. 5. 6. 7. 8. Define Managerial Economics. State its characteristics. Explain the scope of managerial economics.

Distinguish between consumers goods and producers goods. Distinguish between Autonomous demand and Derived demand. Distinguish between Durable goods & Non-durable goods. Distinguish between Short-run Demand & Long run Demand. Define Indifference curve. State its properties. Explain consumers equilibrium with the help of indifference curve analysis. 9. Show that price effect = Income Effect (+) Substitution Effect. 10. Explain Consumers surplus. 11. Discuss the concept of cross elasticity of demand. 12. Discuss the types of Demand Elasticity and factors affecting Price elasticity of demand. 13. Explain the types and methods of calculating price-elasticity of demand. 14. Explain Income elasticity of demand. 15. What is Demand Forecasting? Discuss the objectives of forecasting. 16. Explain survey of buyers method of demand forecasting. 17. Explain collective method or sales-force method of demand forecasting. 18. What is production function? Explain the Production Function in detail. (3 stages) 19. Short notes : Money cost vs Real cost, sunk cost, fixed cost vs variable cost 20. Explain relationship between Marginal Cost & Average Cost. 21. Explain LAC (Long Run Average Cost). 22. Why prices are rigid in an Oligopolistic Market Structure? Explain with the help of Kinky Demand Curve Hypothesis. 23. Types of leadership under Oligopoly. 24. What is perfect competition? State its characteristics. 25. Explain the short run equilibrium of firm under perfect competition. 26. Define Price Discrimination. Discuss the types of Price discrimination. (OR Discriminating Monopoly) 27. Short Note : Dumping 28. Define Monopolistic competition. Characteristics of monopolistic competition. 29. What is break even analysis?