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Eefa Test

This document contains questions about various topics in engineering economics and financial accounting including: 1. Defining terms like managerial economics, discounting principle, constant returns to scale, price discrimination, balance sheet, funds statement, and limitations of the internal rate of return method. 2. Calculating price elasticity of demand and explaining debt-equity ratio. 3. Discussing decision analysis under risk and uncertainty, production functions, laws of diminishing returns, fixed and variable costs, long-run average cost curves, perfect competition, isoquants, expansion path, economics of scale, and various pricing methods. 4. Contrasting payback period and net present value methods, distinguishing profit/

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kumarjayabalan
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12 views

Eefa Test

This document contains questions about various topics in engineering economics and financial accounting including: 1. Defining terms like managerial economics, discounting principle, constant returns to scale, price discrimination, balance sheet, funds statement, and limitations of the internal rate of return method. 2. Calculating price elasticity of demand and explaining debt-equity ratio. 3. Discussing decision analysis under risk and uncertainty, production functions, laws of diminishing returns, fixed and variable costs, long-run average cost curves, perfect competition, isoquants, expansion path, economics of scale, and various pricing methods. 4. Contrasting payback period and net present value methods, distinguishing profit/

Uploaded by

kumarjayabalan
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ENGINEERING ECONOMICS AND FINANCIAL ACCOUNTING

PART - A
DeIine managerial economics
2 at is discounting principle?
3 DeIine production Iunction
4 at is constant return to scale?
5 at is price discrimination?
6 DiIIerentiate between balance seet and Iunds statement
7 at are te limitations oI IRR metod oI project appraisal?
8 DeIine monopolistic competition
9 %e demand by a consumer Ior a commodity declines by 5 wen its price increases
Irom Rs to 6per unit at is te price elasticity oI demand Ior a commodity?
at is debt- equity ratio?
PART - B
a) Suppose you want to estimate te Iuture demand Ior an air-conditioner, ow do you
do tat? Explain your estimation metod in detail 6 marks) or )
b) i) at do you understand by decision analysis? 4 marks)
ii) Discuss decision analysis under risk and uncertainty wit an example 2 marks)
2a) i) Discuss te nature and scope oI managerial economics 6 marks )
ii) Relate managerial economics wit oter disciplines and explain marks ) or )
b)i) DeIine production Iunction and wat are its managerial uses? 8 marks )
ii) Explain te law oI diminising marginal returns and provide an example oI tis
penomenon 8 marks )
3a)i) Distinguis between a) Iixed cost and variable costs b) opportunity cost and
actual cost 8 marks )
ii) Explain te Ieatures oI Long-run Average-cost curve 8 marks)
or )
b) i) Distinguis between monopoly and oligopoly 6 marks)
ii) How is equilibrium output is determined under perIect competition by a Iirm in
te sort run? marks)
4a) i) State Cobb-Couglas production Iunction 6 marks)
ii) rite sort notes on a) Isoquant, b) Expansion pat c) Economics oI
scale2marks)
or )
b) i) at is marginal cost pricing 2 marks)
ii) Explain skimming price metod 2 marks)
iii) Explain te various pricing metods adopted in practice 2 marks )
5 a) i) at do you understand by Pay-back period metod? at are its merits and
limitations 6 marks)
ii) Contrast te net present value and internal rate oI return approaces in te
evaluation oI capital projects marks) or )
b) i) at are te objectives oI Iund Ilow statement? 6 marks)
ii) Distinguis between proIit and loss account and Balance seet 6 marks)
iii) at are te limitations oI ratio analysis? 4 marks)

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