Question 1:
Illustrate precisely the major propositions of Williamson’s model of managerial discretion in finding the firm’s goal. How are these proportions dissimilar from profit maximization?
Question 2:
Write down the fundamental concepts of managerial economics.
Question 3:
Illustrate out the term demand forecasting? Illustrate critically the different techniques of demand forecasting.
Question 4:
Discuss and illustrate Cobb-Douglas production function with the help its properties.
Question 5:
Write down the various types of costs. What are the sources of the internal and external economies of scales of the production?
Question 6:
Illustrate different types of markets and their pricing strategies.
Question 7:
What are the factors which create price leadership for the firm under oligopoly? Illustrate price determination by using dominant firm leadership model.