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Trace the relationship among the price and revenues under monopoly.
Describe the different types of internal economies available to the firm.
Illustrate the meaning of economies of scale?
Describe Cobb-Douglas production function and its relevant properties?
Describe the fundamental economic theories applied to the managerial decision making.
Describe the fundamental business problems in the decision making.
Illustrate and describe the Law of demand with proper graph. Describe the concept of indifference curve.
Deduce the aggregate saving and aggregate investment recognize in an open economy.
Write down the open market operations? Explain how the monetary authorities utilize open market operations to affect the market rate of interest.
Describe the components of Aggregate Demand?
Describe the shape of the long run average cost curve if production is subject to:
If the Average Variable Product of Labor curve is dome-shaped, Average Variable Cost Curve is U-shaped. Describe.
Describe the concept of Marginal Rate of Technical Substitution (MRTS) in the context of theory of production.
The production function of a firm manufacturing lock is: Q = 50 √L; where Q is the output and L is the labor input. Determine the average product and marginal product of Labor in the firm.
Derive the Government Expenditure Multiplier in the IS-LM framework and describe that it is smaller than the Simple Keynesian Model. Describe why?
How do managers supplement the NPV analysis of a project to gain a better understanding of a project?
Recognize the three non-economic factors which are relevant for the business environment of your country.
Illustrate the prisoner’s dilemma? Write down its strategic implications for the oligopoly?
Explain how does the price systems act as the allocation of resources and distributor of goods in the market economy? Describe the allocation principle behind resource use?
Define the term dis-economics of scale and describe why they might occur.
Deduce the relationship between the AC and MC.
Trace out the process of deriving the long run average cost curve.
Differentiate between the short run and long run with respect to the costs of firm.
Illustrate the properties of the AFC curve?