1. discuss nature and different objectives of a firm? indicate which objective is preferable?
2. state the law of demand? what are its exceptions? prepare a detailed note on Veblen goods, Giffen goods, and necessities.
3. write a detailed note on different methods of forecasting including opinion polls, data-driven statistical methods and time series methods.
4. state norma and COBB DOUGLAS production function. draw graphs for isoquants and isocosts and point out the least-cost combination of factors.
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1. discuss the uses of managerial economics to the working of a firm? in what areas of activity are ME useful and how?
2. what are determinants of demand? list out and explain general factors, specific factors related to luxury goods and market demand.
3. write a detailed note on various statistical methods OF demand forecasting including TREND, LEAST SQUARES, TIME SERIES,, MA, EMA, ARIMA. BAROMETRIC, REGRESSION, EQUATION METHODS.
4. STATE LW OF PRODUCTION, the law of variable proportion, and the law of returns to scale.
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1. how is managerial economcs related to micro economcs and macro economics?
2. define elasticity of demand, list out various elasticity meassures linked to price, income ads, sustitutes, and espectations.
3. werite a detailed note on opinon poll methods of denadn fore casting including survey of consumer, sales men, delphi methods
4. fill the following table and comment on the movement of MC AC TC
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output TFC TVC TC AFC AVC AC MC
0 1000 0
1 200
2 367
3 510
4 677
5 877
6 1127
7 1460
8 2460
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