File Details:

Questions:

1. Explain opportunity cost.
2. Describe the concept of time value.
3. What is diminishing marginal utility?
4. Explain the equi-marginal principle.
5. What is cross demand?
6. Define superior and inferior goods.
7. Explain the concept of inflation.
8. What is monopoly condition?
9. Describe the law of variable proportions.
10. What is super normal profit?
11. What is discounting?
12. How is the present value of a sum calculated?
13. Differentiate between price demand, income demand, and cross demand with examples.
14. What is elasticity of price demand?
15. Explain demand forecasting.
16. What are the methods of demand forecasting?
17. Discuss cost-output relationship in the short run and long run.
18. What is an indifference curve? What are its characteristics?
19. Explain perfect competition and the assumptions associated with it. What does 'Price Taker' mean?
20. Write notes on marginal revenue, economies of scale, break-even point, and inflation.