1. What is the scope of Managerial Economics? How does the study of Managerial Economics involves the analysis of certain major subjects? Explain citing examples.
2. What is the Law of Demand? Explain increase and decrease of demand with the help of any example of your choice.
3. What is Short- Run Cost Functions? Explain how Total Cost (TC), Total Fixed Cost (TFC) and Total Variable Cost (TVC) are calculated? Discuss with the help of a table and graph.
4. Differentiate between First Degree and Second Degree Price Discrimination. Why is Second Degree Price Discrimination described as multipart pricing?
5. Examine the kink demand curve for oligopolists? Explain the reasons for price rigidity.
6. Write short notes on any two of the following:-
(a) Regression Equation
(b) Exponential Smoothing
(c) Functional Forms of Cost Functions
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