Q1. Could you distinguish between the Management, Economics and Managerial Economics? Explain how are these co-related?
Q2. Describe the Demand Function. Explain how does it help in Marketing Decision-making?
Q3. Explain why is production referred to as the value creation and addition? Write down the laws which govern the production function?
Q4. What do you mean by GDP? Explain how has been the performance of India’s GDP in recent years? Describe the factors would you credit it with? Write down a detailed note.
Q5. Define the given:
a) Marginal Cost
b) CPI
c) Balance of Payment
d) Law of Demand
e) Macro Economic