1. Discuss the fundamental nature of Managerial Economics. How are the three choice problems of an economy solved?
2. Briefly discuss the determinants of demand. Explain graphically increase and decrease of demand.
3. Explain the increasing, constant and decreasing returns to scale. Use diagrams to substantiate your answer.
4. Explain Price Rigidity and Kinked Demand Curve under Oligopoly.
5. What is Two- Part Tariffs and how it is determined?
6. Write short notes on any two of the following:-
(a) Opportunity Cost Principle
(b) Income Elasticity of Demand
(c) Economies of Scope
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