guess questions

Q.1 What is the role of a managerial economist in a business organization? How can marginal analysis be used in taking rational business decisions?

Q.2 Discuss critically the different techniques used in demand forecasting . How will you apply alternative opinion poll methods to assess the demand for scooter repair services in a particular town. Indicate limitations of each method.

Q.3; How do firm attempt to minimize losses through appropriate price- output decisions under monopolistic competition in the short run when cost are rising? Where does the shut-down point occur? At this stage should a firm quit or continue production.

Q.4 Define Isoquants with diagrams. Explain the relationship between Isoquants & Return to scale.

Q5 What are engineering cost curves ? How will you derive short run engineering total cost curve, average cost curve & marginal cost curves? What is their significance for a production manager?

Q6 Explain the following:
(a) What is Kinked Demand curve ? How does it explain price rigidity?
(b) Brief note on game theory & cartel behaviour of the firm
(c) Distinction between short & long run & significance of the distinction in managerial economics.

Q.7 Briefly explain the following:
(a) Discriminatory Monopoly
(b) Special pricing techniqes
(c) price- output decision in product differentiation & multi plant firms

Q.8 What are the major considerations behind the locational choice of a firm? How would you decide the location of an LPG bottling plant in India?

Q9 How can the turning points in a business cycle be predicted ? How do business cycles complicate the task of a business manager?

Q.10 Give short note on the following:
(a) risk analysis
(b) inflation analysis
(c) tariff analysis