ASSIGNMENT 1

Civil Engineering- III year

ENGINEERING AND MANAGERIAL ECONOMICS (EHU-501)

Note: Attempt any five questions.

1. Write a short note on the concept of Managerial Economics and

its use in engineering perspective?
2. Explain:
1. Equimarginal principle
2. Scarcity principle
3. Economics is a science of wealth. Comment on the statement.
4. Explain the nature of economics as a positive and normative
science.
5. Discuss the nature of economics as a science and art.

6. Diffrentiate between Micro and Macro economics

7. Economics is the study of allocation of scarce means to alternate

ends. Explain the statement.

8. Examine the role of science and technology in the economic

development of the country.

9. Managerial economics facilitates decision making in business.

Comment.
10. Discuss the scope of managerial economics.

11. What is demand? Also. Explain the various elements of demand.

12. Explain Various types of demand with proper examples?

13. Discuss law of demand? Also, elaborate on the assumptions and

exceptions of law of demand.

14. Explain demand function and various determinants of demand?

15. Why demand curve is sloping downwards?