Answer the following problems.
problem 1) What are the goals of a business firm?
problem 2) Describe the factors involved in decision making process of business.
problem 3) Describe the nature of demand curve.
problem 4) Describe the different types of price elasticity of demand.
problem 5) What is the relationship between average cost and marginal cost.
problem 6) Describe the method of pricing a new product.
problem 7) What do you mean by monopolistic of oligopoly?
problem 8) Describe the different methods of measuring national income.
problem 9) describe the various methods of measuring national income.
problem 10) describe the uses of break-even analysis.
problem 11) Describe the nature and significance of Managerial Economics.
problem 12) Examine the different methods of demand forecasting.
problem 13) Evaluate the limitations of break even analysis for decision making.
problem 14) Critically describe the theories of profit.
problem 15) Describe how price and output are determined under perfect competition.