PART-A
1. Define managerial economics?
2. What is meant by micro economics analysis?
3. Define determinants of demand?
4. What are two kinds of consumer expectations?
5. Define market demand?

6. What are actual costs opportunity costs?
7. What are accounting costs and economic costs?
8. What is competition in pricing strategy?
9. What are the external factors influencing the précising decisions?
10. What is meant by income statement?
PART-B
11.(a)scope and significance of economics in decisions making?                                           (16)
                                                (or)
      (b)what are the various economics tools and explain to techniques?(16)
12.(a)function of production? Factors influencing production?                                             (16)
                                                                                                                                                                                                                        (or)
     (b)features of monopoly and mono plastics?                                                                     (16)
13.(a)determinants of  elasticity of supply.(16)
                        (or)
     (b)explain to cob-douglas production function?                                                                 (16)
14.(a)Briefly explain about
            (i) national output concept
            (ii)GDP
            (iii)GNP
            (iv)NNP                                                                                                                           (16)
                                                            (or)
     (b)What are the various methods of measuring national income?                                         (16)
15.(a)What is mean by value of money?what are the objectives and instruments?                    (16)
                                                (or)

      (b)what are the types of commercial banks and its functions?                                                (16)