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Describe the fundamental business problems in the decision making.
Write down the determinants of the Price Elasticity of Demand. Provide its different types.
Write down the fundamental concepts of managerial economics. Illustrate out the term demand forecasting? Illustrate critically the different techniques of demand forecasting.
Write down your economic cost of attending the game (once you already purchased the ticket)?
Describe the Average Variable Cost (or AVC) at a production level of 10?
Compute the total revenue and total economic profit at each level of output.
Calculate total revenue, marginal revenue, total cost and profit at each quantity. What quantity would a profit-maximizing publisher select?
Explain the characteristics or features of a natural monopoly and how a natural monopoly distinct from the other monopolies?
Find out the profit-maximizing quantity of passengers for Friday departures and Tuesday departures. Determine the profit-maximizing price for each.
The government requires a fixed tax of $20 on the profits of the firm. Would this tax influence the decisions of the firm in the short-run and long-run? Describe clearly.
Compute the Cournot-Nash equilibrium for each firm, supposing that each selects the output level which maximizes its profits when taking its rival’s output as given.
Determine the profit-maximizing price and output? Find out the total profit? Also find out the price elasticity of demand at profit maximizing output?
Find out the short-run supply curve of the firm and the market. Illustrate the price, quantity, profit or loss for each firm? Is this industry in the long-run? If not, determine the price in the lon
Write down the properties of Indifference Curve?
Describe the phases of Recession and Depression in a trade cycle.
Describe critically Fisher’s Quantity Theory of Money. Describe the causes and measures to control inflation.
Describe the role of nationalized banks on the development of Industries. Explain the means and ways to eliminate regional imbalance.
Describe the nature and significance of Managerial Economics. Examine the different methods of demand forecasting. Evaluate the limitations of break even analysis for decision making.
Using suitable diagrams describe and illustrate how a firm under monopolistic competition reaches equilibrium in the short run and in long run. Describe the different pricing strategies of firms und
Make a distinction between price, income and cross elasticity of demand. Would you agree that, in order to maximize total revenue, the manager of a supermarket must understand and apply the concept
How do returns to scale and returns to factor influence the shapes of the AC in Long-run and short-run correspondingly?
What do you understand by the term equilibrium National Income and to what extent is economic growth advantageous to economy?
Which costs in the table of accounting information are relevant for making short-run economic decisions regarding the production mix of widgets? Explain and show.
Planning and management of ICT projects have a very poor record in developing countries. In brief describe the different success (enablers and drivers) and failure (barriers and inhibitors) ca
Illustrate the relevance and pertinence of the eclectic paradigm as a general framework for explaining international production in today’s globalised world.