Q1. In a perfectly competitive firm when you have a table which gives quantity, cost , Total Costs Explain how can you Find out Explain how much of the TC is a fixed cost and Explain how much is variable without the FC being given?

Q2. Explain how do real GDP and the cost level change if the forecast of inflation turns out to be incorrect?

Q3. Evaluate the impact of Globalization on domestic governance factors requiring domestic changes. Identify explicate at least three significant factors requiring domestic changes.