File Details:

Questions:

1. What is meant by elasticity of demand?
2. Define the term differential cost.
3. Write a short note on Profit Management.
4. Describe main features of Perfect Competition.
5. Discuss the scope of Managerial Economics.
6. What do you mean by Law of Returns?
7. Discuss the relationship of Short-run and Long-run Average Cost Curves.
8. Discuss the main features of Monopolistic Competition. How can such competition be sustained?
9. Why do Profit Arise? Discuss the concept of profit under static and dynamic condition.
10. What is Profit-volume Ratio? Explain its significance.
11. Define Break-even Points and explain its relevance in managerial decision-making.
12. Explain the concept of Margin of Safety in cost analysis.
13. Discuss the causes and effects of Inflation.