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Question 1. Discuss the practical application of Price elasticity and Income elasticity of demand
Question 2. Discuss profit maximizing model in detail
Question 3. Describe the objectives of pricing Policies
Question 4. Define Fiscal Policy and the instruments of Fiscal policy
Question 5. Explain the kinds and the basis of Price discrimination under monopoly
Question 6. Define the term Business Cycle and also explain the phases of business or trade cycle in brief
Problem 1: (a) Distinguish between political and partisan monetary cycles on inflation and unemployment rates. (b) In the rule versus discretion literature, explain how dy
Types of Price Elasticity of demand a) Perfectly inelastic demand Demand is said to be perfectly inelastic if changes in price have no the quantity demanded so
Real Rigidities in the Labour Market New Keynesian theories of the labour market help in explaining the existence of involuntary unemployment. The theories also attempt to
Using the discounting principle calculate the present value of an annuity of five years at Rs. 500 payments made at the end of each of the next five years at 10% interest. stion..
Disguised unemployment Situation where some people are employed apparently, but if they are withdrawn form this job, total production remains the same. In most developing coun
Q. Show the method of production? A process or method of production is a combination of inputs essential for the production of output. A method of production is technically eff
Determine the Managerial economics techniques Though the most frequent applications of these techniques are as below: Risk analysis: Numerous models are used to quantif
Concept of Managerial Economics The discipline of managerial economics deals with characteristics of economics and tools of analysis that are used by business enterprises for dec
define scarcityand oppurtunity cost.show how these concepts are useful in managerial decision making
What is Microeconomics It studies the principles and problems of an individual business firm or an individual industry. It services the management in evaluating and forecasting
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