MEFA Unit 1 Questions
MEFA Unit 1 Questions
MEFA Unit 1 Questions
Q1. Define managerial economics. Explain the nature and scope of managerial economics.
REPEATED
Ans: (Oct./Nov.-16, Set-2, Q2(a) | Oct./Nov.-19, Set-2, Q2(a) | Oct./Nov.-19, Set-4, Q2(a) | Oct./Nov.-18, Set-2, Q2(a) 5
| Nov.-15, Set-2, Q2(a)) TIMES
REPEATED
Ans: (Oct./Nov.-19, Set-1, Q2(a) | Oct./Nov.-18, Set-3, Q2(b) | Oct./Nov.-16, Set-1, Q2(a))
3
TIMES
For answer refer Unit-I, Q5.
Q4. What do you mean by demand? Explain its determinants.
REPEATED
Ans: (Oct./Nov.-16, Set-3, Q2(a) | Nov.-15, Set-3, Q2(a) | Nov.-18, Set-2, Q2(b)) 3
TIMES
For answer refer Unit-I, Q6.
Q5. Define law of demand. What are its assumptions and exceptions?
REPEATED
Ans: (Oct./Nov.-16, Set-1, Q2(c) | Oct./Nov.-19, Set-4, Q2(b) | Nov.-15, Set-1, Q2(a)) 3
TIMES
For answer refer Unit-I, Q11.
REPEATED
Ans: (Oct./Nov.-16, Set-2, Q2(c) | Oct./Nov.-19, Set-1, Q2(b) | Oct./Nov.-16, Set-1, Q2(b))
3
TIMES
For answer refer Unit-I, Q13.
REPEATED
Ans: (Oct./Nov.-17, Set-2, Q2(b)| Oct./Nov.-16, Set-3, Q2(b) | Nov.-15, Set-2, Q2(b))
3
TIMES
For answer refer Unit-I, Q14.
Q9. What do you mean by promotional elasticity of Demand? List out the factors which effect the promotional
elasticity of demand. Explain how it is different from cross elasticity of demand.
Ans: (Oct./Nov.-19, Set-2, Q2(b) | Oct./Nov.-16, Set-2, Q2(b) | Nov.-15, Set-1, Q2(b) | Oct./Nov.-17, Set-3, Q2(b)
6
TIMES
| Nov.-15, Set-4, Q2(b) |Oct./Nov.-19, Set-3, Q2(a))
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