Madras University Previous Years Question PapersApril 2016 Question PaperAPRIL 2016 61787/TEA6BSubject Code: TEA6BSubject: MANAGERIAL ECONOMICSTime : Three hours Maximum : 75 marksPART A — (10 x 2 = 20 marks)Answer any TEN questions.1. Define managerial economics.2. What is disposable income?3. What is the meaning of utility?4. Define law of demand.5. What are the three types of demand?6. State
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