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    MMPC 10

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    thinktales
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    Copyright:

    © All Rights Reserved
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    MMPC 10

    Uploaded by

    thinktales
    10 views2 pages
    Hi

    Original Title

    Mmpc 10

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    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    10 views2 pages

    MMPC 10

    Uploaded by

    thinktales
    Hi

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    You are on page 1of 2

    # Discuss in detail value maximization as an

    objective of the firm. Give examples.

    # Discuss the importance of regression analysis


    for a manager. Explain the process of specifying
    the regression equation.

    # Differentiate between market demand curve


    and individual demand curve. Explain with
    examples.

    # Explain the following techniques of demand


    forecasting :
    (i) Expert opinion
    (ii) Surveys

    # Explain the types of statistical analysis.


    Discuss the limitations of different types of
    statistical analysis.

    # Briefly differentiate between short-run cost


    functions and long-run cost functions. Also use
    diagrams to illustrate your answer.

    # Briefly explain the important entry barriers.


    What are the factors determining conditions of
    entry ?

    # What is Monopolistic Competition ? Explain


    price and output determination under
    monopolistic competition in the short-run.

    # What is fundamental nature of Managerial


    Economics ? Discuss with reference to the three
    choice problems of an economy.

    # “The opportunity cost principle is the return


    that can be had from the next best alternative
    use.” Explain this statement with the help of an
    example.

    # What are the variables in the demand function


    which have an influence on the demand of a
    particular product ? Discuss.

    # Differentiate between arc price elasticity and


    point price elasticity ? Explain.
    # Explain production function framework.
    Differentiate between short-run and long-run.

    # Explain the difference in the following costs


    and discuss their role in managerial decision-
    making :
    (i) Accounting and Economic costs
    (ii) Implicit and Explicit costs

    # Explain the factors determining the nature of


    competition in a market.

    # Explain the pricing under a perfectly


    competitive market.

    # Explain Equi-Marginal Principle of the firm.


    How is it different from discounting principle of
    the firm ?

    # How is decision taken under risk ? Describe


    how decision tree helps in strategic decision
    making ? Explain with examples.

    # Identify the variables included in demand


    function and explain its impact on demand.

    # Differentiate between the following :


    (a) Income elasticity of demand
    (b) Cross elasticity of demand

    # Explain their application in managerial


    decision making.

    # Differentiate between economic costs and


    accounting costs. Explain with illustrations.

    # Explain short-run cost functions.

    # Explain the different types of market structures


    with the help of examples.

    # Differentiate between monopolistic competition


    and oligopoly markets giving real life examples.

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