Roll.

NO

RAJALAKSHMI ENGINEERING COLLEGE DEPARTMENT OF CIVIL ENGINEERING

QUESTION PAPER UNIT TEST : I SUB CODE: CE 2451 DATE: MAXIMUM MARKS: 60 DURATION : 95 Minutes A

SUBNAME: SEMESTER: VIII ENGINEERING ECONOMICS AND COST ANALYSIS

Answer ALL Questions

PART A (15 x 2 = 30)

1. Define managerial economics. 2. Define the concept of firm. 3. State the law of supply with a diagram. 4. Define elasticity of demand. 5. What do you mean by money cost and real cost? 6. Give two examples for implicit cost and explicit cost. 7. Define economics. 8. Define Elasticity of Demand. 9. What do you mean by time value of money? 10. Give two examples for sole proprietorship firm and partnership firm 11. Differentiate price from value
12. 13. 14. 15. What are the roles of value engineering? List the types of firms. Write any four goals of economy? Explain demand and its influence in market? PART B (2x15=30)

16. How can you make decision process more effective? 17. (a) Explain the objectives of a firm and analyze different theories governing the same. (Or)

(b)Write short notes on programmed and non-programmed decisions.

Staff In charge

Dean

H.O.D/Civil

Roll. NO

RAJALAKSHMI ENGINEERING COLLEGE

DEPARTMENT OF CIVIL ENGINEERING
QUESTION PAPER UNIT TEST : I SUB CODE: CE 2451 DATE: MAXIMUM MARKS: 60 DURATION : 95 Minute B

SUB NAME: ENGINEERING SEMESTER: VIII ECONOMICS AND COST ANALYSIS

Answer ALL Questions

PART A (15 x 2 = 30)

1. Define economics? 2. Write any four goals of economy? 3. Explain demand and its influence in market? 4. What is the scope of managerial economics? 5. Name the concepts involved in decision making. 6. What are the limitations of elasticity of demand? 7. Define managerial economics. 8. Define the concept of a firm. 9. State the law of supply with a diagram. 10. Define elasticity of demand. 11. What do you mean by money cost and real cost? 12. Give two examples for implicit cost and explicit cost 13. What are the roles of value engineering? 14. List the types of firms. 15. Why demand curve is always sloping downwards?
PART B (2 x15= 30)

16. (i) "Managerial economics is economics applied in decision making" Discuss. (ii) Explain the goals of a firm.

17. Explain the relationship of managerial economics with other disciplines. (Or) Discuss in detail the nature of managerial economics.

Staff In charge

Dean

H.O.D/Civil