File Details:

Questions:

1. Define law of demand.
2. Explain elastic demand.
3. Explain semi-variable cost.
4. Explain cost-push and demand-pull inflation.
5. Describe main features of Oligopoly.
6. Explain the principle of time perspective.
7. Explain income effect and substitution effect with example.
8. Explain profit management and inflation.
9. Forecast the sales for the year 2015 and 2016 based on given data.
10. What do you understand by Managerial Economics? Explain its scope.
11. Explain cost-output relationship in short-run and long-run cost curves.
12. What is monopolistic competition? How is output and price determined under it?
13. Should the company accept the offer to sell track suits at the given price?
14. What would be your advice if the exporter offers to buy 10,000 units instead of 5,000 units?