Question 1: Outline the empirical studies on the production and costs.
Question 2: How is price determined under the term oligopoly?
Question 3: What are the advantages and disadvantages of NPN method of capital budgeting?
Question 4: Illustrate the difficulties in the measurement of profit.
Question 5: X Ltd., an FMCG company, has been spending huge amounts on advertisements. It has collected the given data on advertisement expenses and demand for its product for the last 5 years:
a) Estimate the demand for the years 2009 and 2010 when the advertisement expenses are expected to be Rs. 32 and Rs. 35 crores correspondingly.
b) What is your opinion regarding the estimation you have made?