Q1) Illustrate out the term Managerial Economics. Which economic conceptions are helpful in decision making for managers?
Q2) What do you understand by the term Demand Forecasting? Illustrate the objectives and any two techniques with their drawbacks.
Q3) Illustrate the term production Function. Illustrate the three kinds of Returns to scale.
Q4) Compare and contrast the price and output determination under the situations of perfect competition and monopoly in long run with the aid of MR and MC curves.
Q5) Illustrate out the need and steps involved in the project evaluation.
Q6) Illustrate out the term Profit? Suggest a appropriate profit policy for a well established firm. Justify your answer.