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Derive and illustrate the Dorfman and Steiner condition for optimal advertising. Outline how marginal revenue productivity (MRP) theory recommends that level of wages in an industry is determined unde
What distinguishes Keynes’ Liquidity preference Framework from the Friedman’s Modern Quantity Theory? Evaluate the monetary policy tools which the Central Bank can use to manipulate the mo
Derive GGC’s marginal revenue (MR) and marginal cost (MC) curves in each market. Show graphically GGC’s demand, MR, and MC curves for each market.
Mention the fixed and variable cost in shipping industry? Explain the nature and scope of the managerial economics? Describe the measures to correct the disequilibrium in balance of payments?
Briefly describe the term Material Balance model. Describe different techniques of Managerial Economics?
In the next three months the firm can sell only 15,000 units at a price of Rs. 30 per unit. Alternatively, if the plan is shut down, the fixed manufacturing costs can be decreased to Rs. 60,000. Add
What are the advantages and disadvantages of NPN method of capital budgeting?
Describe the following concepts: Arc Elasticity and Point Elasticity. How the above concepts of elasticity are useful for managers in decision making?
What do you mean by the term managerial Economics .What is its scope and significance of a corporate firm? Describe how managerial economists can advice the top management of consumer’s goods
List any two responsibilities of a managerial economist. Explain managerial economics? Explain its characteristics.
Bertrand solution (simultaneous choice of prices). How much each of the firms is producing and what is the resulting price?
The minimum number of members in a public company is___________ and a private company is _______________.
The liability extending to the personal property of the sole trader is called _________________.
Describe the following concepts with appropriate example.Opportunity Cost and Discounting principle.
The annual demand curve for the perfectly competitive milk market is P = 9 - 0.01 Q. This market is in long run equilibrium. The price of milk is $2.00 and each of the producers operate at minimum l
What do you mean by opportunity costs? Describe with the help of examples, what problems are faced in measuring such costs?
Point out the scope of managerial economics.
Explain how oligopolistic competition exists in the real world giving illustrations from FMCG Companies.
Michael was discussing the importance of production analysis and cost analysis to managerial economics with a final year Open Campus student.
Discuss the Markowitz’s theory of efficient portfolio selection. How the CAPM theory (Capital Asset Pricing Theory) is related to it?
Examine the factors that determine the price of mobile telephone devices in a free market. Analyse with the aid of a diagram how prices have changed over the last 3 years.
Case Study Electron Control, Inc., sells voltage regulators to other manufacturers, who then customize and distribute the products to quality assurance labs for their sensitive test equipment.
Define Balance of trade; balance of invisible transfers; current account balance; capital account balance and balance of payments.
Consider the given two probability distributions for sales
You are the manager of a monopolistically competitive firm in short run. The inverse demand for your product is provided by P = 200 – 10Q and your marginal cost is MC = 5 + Q.