MG2452 Engineering Economics & Financial Accounting B.E Question Bank : valliammai.co.in

Name of the College : Valliammai Engineering College
University : Anna University
Department : Information Technology
Subject Name : Engineering Economics & Financial Accounting
Degree : B.Tech – IT
Year : III
Semester : V
Document Type : Question Bank
Website : valliammai.co.in

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Valliammai Economics & Financial Accounting Question Paper

Unit – I

2 Marks :
1. Define managerial economics.
2. What is micro economics?
3.What is macro economics?

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4.What is positive theory of economics?
5.What is normative theory of economics?
6.Name few applications/significance of managerial economics.
7.What are the different types of firms?
8.Who is sole trader? Name a few features of sole tradership.
9.What is the nature of partnership business?
10.Differentiate partnership firm with that of pvt ltd.

11.Name a few roles of managerial economist in business.
12.Name a few objectives of the firm.
13.How is managerial economics related with operations research?
14.Name some features of decision making.
15.Write down the steps involved in decision making process.
16.List out certain administrative problems in decision making.
17.What is decision analysis?
18.List out steps in rational decision making process.
19.How managerial economics helps in solving engineering problems.
20.Explain the features of managerial economics.

16 Marks :
1.Explain in detail about the scope of managerial economics.
2.Explain in detail different objectives of a firm.
3.Explain the different types of firm.
4.How is managerial economics related with other disciplines?
5.What is rational decision making? Explain the process of decision making.
6.Explain the concept of managerial economics. List out the applications and importance of managerial economics.
7.Differentiate microeconomics and macroeconomics.
8.Explain Baumoul’s theory of sales revenue maximization.
9.Explain Marri’s theory of firm’s growth rate.
10.What is meant by managerial decision making? Explain in detail about decision analysis.

Unit – II

2 Marks :
1.Define demand. Name a few determinants of demand.
2.What is demand function?
3.What are the different types of demand?
4.What is demand elasticity? Name different elasticity’s in demand.
5.How will you derive price elasticity of demand?
6.What are the different techniques to forecast demand?
7.What is supply? Explain law of supply.
8.Name different determinant s of supply.
9.What is supply function?
10.Explain in brief about elasticity of supply.
11.What is income elasticity of demand?
12.What are complementary goods? How does their nature affect demand?
13.What is cross elasticity in demand?
14.Explain with example about the effect of demand for substitute goods.
15.Define law of demand. Name a few assumptions of law of demand.
16.Explain with examples exceptions to law of demand.
17.What is autonomous and derived demand?
18.Differentiate individual and market demand.
19.How does population of the country affect demand?
20.Name a few exceptions to law of supply.

16 Marks :
1.What is demand? Explain the different determinants of demand.
2.Explain in detail about elasticity of demand.
3.Explain in detail about demand forecasting.
4.What is supply? Explain the determinants of supply.
5.Define demand. Explain in detail about types of demand.
6.What is supply function? Explain elasticity of supply.
7.Explain in detail about price elasticity of supply.
8.Explain the different techniques of demand forecasting.
9.Explain the significance of measuring elasticity of demand.
10.Explain the demand curve, law of demand, exceptions to law of demand and demand function.

UNIT – III

2 Marks :
1. Define production.
2. What is production? Derive production function.
3. What do you mean by increasing returns to scale?
4. What is diminishing returns to scale?
5. What is isoquants?
6. Name few managerial uses of production function?
7. What is production optimization?
8. What is the significance of returns to scale?
9. What are the different types of isoquants?
10. Explain the law of returns to scale.
11. Name the different types of cost.
12. What is cost? Name different determinants of cost.
13. Differentiate short run and long run cost.
14. What is production function?
15. Name some characteristics of isoquants.
16. What are historical and replacement costs?
17. How does technology affect cost of production?
18. How to estimate cost-output relationship?
19. What do you mean by economies of scale?
20. What is opportunity cost?

16 Marks :
1. Define isoquants. Explain the different types of isoquants.
2. How to optimize production? Explain various lest cost input possibilities with an example.
3. What is cost function? Explain the various determinants of cost.
4. Explain in detail about long run cost curves.
5. Explain in detail on how to estimate cost.
6. Explain about long run and short run cost curves.
7. Explain in detail about the cost and output relationship with appropriate diagram.
8. Explain in detail about economies and diseconomies of scale.
9. Explain in detail about Laws of returns to scale.
10. Write short notes on a) Out of pocket and book cost b) Past and future cost c) Accounting and economic cost.