File Details:

Questions:

1. Define managerial Economics and discuss its nature.
2. What is demand? Explain its essential elements.
3. What is market? What are the essential elements of a market?
4. Explain peak load pricing and discuss its economic justification.
5. What is inflation? Why is it undesirable?
6. Explain the law of demand. Why do demand curves slope downwards to the right?
7. Explain Price rigidity under oligopoly.
8. What is business cycle? Explain the different phases of business cycles.
9. Discuss and examine critically the statement 'Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.'
10. Project the sales for the years 2021 and 2023 based on the given data regarding sales of a certain commodity.
11. What is Monopoly? How is price and output determined by a monopolist in short-term and long-term?
12. What do you understand by price discrimination? What are its objectives? Explain the conditions which make it profitable and possible.
13. What is meant by balance of payments? What are the causes of disequilibrium in the balance of payments of a country? Briefly discuss the measures to correct the adverse balance of payments in the developing countries.