Illustrate precisely the major propositions of Williamson’s model of managerial discretion in finding the firm’s goal. How are these proportions dissimilar from profit maximization?
prepare down the fundamental concepts of managerial economics.
Illustrate out the term demand forecasting? Illustrate critically the different techniques of demand forecasting.
Discuss and illustrate Cobb-Douglas production function with the help its properties.
prepare down the various types of costs. What are the sources of the internal and external economies of scales of the production?
Illustrate different types of markets and their pricing strategies.
What are the factors which create price leadership for the firm under oligopoly? Illustrate price determination by using dominant firm leadership model.