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Posted Date: 23 Jan 2011 Posted By:: Ankit Garg Member Level: Bronze Points: 5 (Rs. 1)
2010 Gautam Buddh Technical University B.Tech Computer Science and Engineering Engineering and Managerial Economics Question paper
Time: 3 Hours Total Marks: 100
Note: Attempt all questions.
1. Attempt any two: (10*2=20)
(a) "Managerial Economics plays a very crucial role in engineering".Comment.
(b) Describe the "law of demand".
(c) What do you think about Economics and Managerial Economics?
2. Attempt any two: (10*2=20)
(a) Plot a diagram showing Total Cost, Fixed cost and Variable Cost. Also describe each.
(b What are the determinants of demand?
(c) Brief any two methods of Demand Forecasting.
3. Attempt any two: (10*2=20)
(a)"A market is a body of persons in such commercial relations that each can easily acquaint himself with the rates at which certain kind of exchange of goods or services are from time to time made by others." Comment.
(b) Plot and describe about the short-run equilibrium of a perfectly competitive firm.
(c) Give a brief description of Phases of Business cycle with diagrammatic representation.
4. Attempt any two: (10*2=20)
(a) Describe the application of tools, techniques and concepts of managerial economics in your engineering career.
(b) Describe the boom. Which point shows the condition of boom?
(c) What is Inflation? Describe about the causes of inflation.
5. Write short notes on any four: (5*4=20)
(a) Scope of economics in production.
(b) Price Elasticity.
(c) Production Function.
(f) Laws of returns to scale.
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