Previous Year Very Short Questions of ME (MBA 1st)

Managerial economics

Previous year question paper with solutions for Managerial economics

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  1. Diagrammatically explain Production Possibility Curve.
  2. Critically evaluate Law of Diminishing Marginal Utility.
  3. Explain under what circumstances law of demand is not applicable.
  4. Explain diagrammatically short run traditional theory of cost.
  5. Write a detailed note on Prisoner's Dilemma.
  6. What do you know about Philips Curve?
  7. Explain the law of Equi-marginal utility.
  8. What is a Bandwagon and snob effect?
  9. What are the factors that determine elasticity of demand?
  10. Explain features of Monopoly.
  11. What are Isoquants?
  12. What is national income?
  13. What is production possibility curve?
  14. Briefly layout properties of indifference curve.
  15. Discuss methods of measuring price elasticity of demand.