File Details:

Questions:

1. Illustrate indifference curve with example.
2. Discuss the role of Managerial Economics in an organization.
3. Explain cost plus pricing and penetration pricing.
4. Write a short note on short-run cost curve.
5. Explain break-even analysis. Write its importance.
6. What kind of market is monopolistic competition? Elaborate.
7. How is managerial economics derived from different disciplines? Differentiate between macro and micro economics.
8. Define Managerial Economics. Discuss its nature, scope, and importance in detail.
9. What is Demand Forecasting? Explain the objectives of demand forecasting and any two methods of demand forecasting.
10. Elaborate the statement: "An oligopolist follows its cartel." What is kinked demand curve in oligopoly? Compare monopoly with oligopoly.
11. What do you mean by the principle of time perspective? Elaborate upon its importance in managerial decision-making. Also discuss opportunity cost.
12. What are the different components of cost? Explain with examples. Why does the long-run average cost curve appear bowl-shaped?
13. What are the various types of elasticity of demand? How can price, income, and cross elasticity of demand be measured mathematically?
14. Differentiate between GDP and GNP. Write a short note on Inflation.