Explanation of advertising elasticity of demand

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Reference no: EM1318530 , Length: 6 Pages

Question 1: "Most of the firms spend considerable amounts of money on advertisement". Explain advertising elasticity of demand and its practical applications in this context.

  • Explanation of advertising elasticity of demand
  • Explanation of practical applications

Question 2: Explain production function in detail.  Explanation of production function

  • Types
  • Uses

Question 3: Explain Marris' Growth Maximisation Model in detail.

 Explanation of the model

  • Constraints
  • Demerits

Question 4: Explain Price -output determination under monopoly.

  • Explanation
  • Assumptions

Question 5:  "Investment is the second important component of effective demand". Explain investment function.

  • Explanation
  • Types
  • Determinants

Question 6: Write short notes on:

a) Monetary Policy

b) Physical policy or direct controls  

c) Parameters and objectives

d) Instruments and disadvantages

Reference no: EM1318530

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