Question 1 What are the main areas of microeconomics that business managers must be familiar with in performing their managerial functions effectively and efficiently?
Question 2 Explain the Law of Diminishing Marginal Utility
Question 3 Discuss the properties of an indifference curve
Question 4 How is national income calculated under the factor-share method?
Question 5 What are the assumptions made by the two-sector model?
Question 6 Try to identify the causes of corruption in India. How can the country overcome this problem?