Q1. Explain why does Inflation occur? Explain how can monetary and fiscal measures be employed to check the inflation?
Q2. What do you mean by the term Firm? Explain why does firm exist? Describe the fundamental objective and function of a firm.
Q3. Write detail notes on the given:
a) Monopoly
b) Break-even Analysis
Q4. Managerial Economics is an integration of economic theory by business practice for the purpose of facilitating the decision-making and forward planning by managers. Describe and comment.
Q5. Point out the significance of the study of consumer behavior for businessman. Describe how utility analysis is helpful in studying the consumer behavior? Describe.
Q6. Describe fully the possibilities of the nature of economic intervention of the state of protect atmosphere and ecology.