Answer the following problems.

problem 1) describe meaning and applications of Managerial Economics.

problem 2) Describe the Types of Demand.

problem 3) Examine the significance and methods of Demand Forecasting.

problem 4) Discuss the concept and types of Elasticity of Demand. describe the degree of Elasticity of Demand.

problem 5) Describe price-output determination under monopolistic market conditions.

problem 6) Discuss the concept of Production Function as a Graph.

problem 7) Discuss in brief:

(i) Ramsey Pricing

(ii) Peak-load Pricing

(iii) Economies of scale

(iv) Oligopoly

problem 8) Describe the economic theory of a firm.

problem 9) Describe the Behavioural Theory of Firm

problem 10) prepare down the important theories of Profit.

problem 11) Describe the Marris’s Theory of Managerial Enterprise

problem 12) describe the National Income Aggregates

problem 13) Baumols’ Model of Sales Revenue Maximisation.

problem 14) describe the obstacles for economic growth of a country.

problem 15) Discuss the causes and effects of inflation.