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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
NOMINAL RIGIDITIES VERSUS REAL RIGIDITIES Nominal rigidities are said to exist when nominal prices and wages do not change in the face of conditions that call for thei
managerial principles to consider when determining level of output of afirm
Technically Efficient Method of Production Let's suppose that commodity X is produced by two methods by employing capital and labour: Factor inputs Met
Describe the Optimisation of managerial economics Optimisation techniques are perhaps the most vital to managerial decision making. Given that alternative courses of action are
The relationship between, total expenditure and price elasticity of demand has summed up in the below table: Table: Elasticity and Consumption Expenditure Elas
Q.2. On the basis of the analysis of the case above, what is your opinion about legalizing marijuana in Canada ?mum 100 words accepted#
The institutional intervention theories Collective bargaining provides an example of what is sometimes called bi- lateral monopoly; the trade union being the monopolist suppli
Describe the Status goods of law of demand The law doesn't concern the commodities that function as a 'status symbol', add to the social status or exhibit prosperity and opulen
with the of evidence comprehensively discuss the market structure in the south African mobile telecommunications industry
Total Cost (TC) This is the sum of fixed costs and variable costs i.e. TC = FC + VC.
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