problem 1: What do you mean by the term managerial Economics .What is its scope and significance of a corporate firm? Describe how managerial economists can advice the top management of consumer’s goods manufacturing company in decision making?
problem 2: Among the multiplicity of objectives that a modern firm has profit maximization continues to be the most important. Comment on it.
problem 3: What are the various factors which are considered while forecasting firm’s sales? describe the special difficulties in forecasting the sales of consumer durables?
problem 4: Describe the concept of Elasticity of demand and describe its role in the business decisions?
problem 5: Describe the cost - output relationship in the short period and long period?
problem 6: With the help of diagrams describe the concept of production function in short run and long run analysis. Describe the managerial uses of production function?
problem 7: Compare and contrast the monopolistic competition and oligopolistic competition? Give illustrations.
problem 8: Describe various methods of price formulation in actual business situation?
problem 9: Describe price determination in an industry under perfect competition?
problem 10: Illustrate the recent trends in the telecommunication service provision.