Answer the following questions.
Question 1) Describe the objectives of Demand Forecasting. Discuss the analysis of consumer behaviour conditions of uncertainty.
Question 2) Explain the Law of Variable Proportions. Describe the causes of Internal Economies.
Question 3) Describe the meaning and characteristics of Monopoly.
Question 4) What do you know about the opportunity cost? Explain its importance. Write a note on Classical Theory of Interest.
Question 5) Describe the Concept of Social Justice given by Rawls.
Question 6) Explain the Paretian Optimality Conditions. Describe the Ricardian Rent Theory.
Question 7) Discuss the Price Determination in short run under imperfect conditions. Explain the Returns to Scale.
Question 8) Explain the importance of elasticity of demand.
Question 9) Discuss the Marginal Productivity Theory of Wages.
Question 10) Describe the Kaldor’s compensation criterion.
Question 11) Explain the characteristics of Monopolistic Competition.