1what is opportunity cost explain with the help of an

Reference no: EM13370083

1. What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic?

2. (a) Explain law of demand with the help of a demand schedule and demand curve.
(b) Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2

3. "Cost function expresses the relationship between the cost and its determinants." Discuss this statement giving examples from any firm of your choice.

4. "A characteristic of oligopolistic market is that, once the general price level is established it tends to remain fixed for an extended period of time." Discuss the economic rationale underlying this phenomenon.

5. In any firm of your choice, try to find the effect of change in demand and change in supply on price and quantity of product.

6. Write Short Notes on the following:

(a) Value Maximization

(b) Envelope Curve

Reference no: EM13370083

Questions Cloud

Question 1explain why maximizing the current value of a : question 1explain why maximizing the current value of a firms stock is or is not the az1-z- management.question 2how is

Q a company has started a phone service that uses overseas : q. a company has started a phone service that uses overseas doctors to provide emergency medical consultations.

1 recursive sorts are easier to write in functional style : 1 recursive sorts are easier to write in functional style than others. two recursive sorts are quicksort and mergesort.

1 working on the gamebegin with your working code from : 1 working on the gamebegin with your working code from assignment 5. complete the game so that the following happens1.

1what is opportunity cost explain with the help of an : 1.what is opportunity cost? explain with the help of an example why assumption of constant opportunity cost is very

Database systems1 list the acid properties explain the : database systems1. list the acid properties. explain the usefulness of each.2. consider the following two transactions

It inventory database given a school system database with : it inventory database given a school system database with over 2000 computers 100 elmos 200 smartboards 200 projectors

Policy brief medicaid expansionassume you are working in : policy brief medicaid expansionassume you are working in the governors office of lsquoyour state. you have now been

Scenario afree-cash-flow valuation of equitymake : scenario afree-cash-flow valuation of equitymake entries in blue-colored

User Account

All Pages