Answer the following problems.
problem 1) Describe the objectives of Demand Forecasting. Discuss the analysis of consumer behaviour conditions of uncertainty.
problem 2) describe the Law of Variable Proportions. Describe the causes of Internal Economies.
problem 3) Describe the meaning and characteristics of Monopoly.
problem 4) What do you know about the opportunity cost? describe its importance. prepare a note on Classical Theory of Interest.
problem 5) Describe the Concept of Social Justice given by Rawls.
problem 6) describe the Paretian Optimality Conditions. Describe the Ricardian Rent Theory.
problem 7) Discuss the Price Determination in short run under imperfect conditions. describe the Returns to Scale.
problem 8) describe the importance of elasticity of demand.
problem 9) Discuss the Marginal Productivity Theory of Wages.
problem 10) Describe the Kaldor’s compensation criterion.
problem 11) describe the characteristics of Monopolistic Competition.