Important concepts in Managerial economics
16 Marks Questions
1. Nature and Scope of Managerial Economics
2. Difference between Micro and Macro Economics
3. Determinants of Elasticity of Demand
4. Elasticity of Demand, Types of Elasticities of Demand
[Link] of Diminishing Marginal Utility
[Link] of Equi-Marginal Utility
7. Determinants of Elasticity of Demand
8. Economies of Scale
9. Dis -Economies of Scale
10. Production Function, Total Product, Average Product and
Marginal Product
[Link] of Costs
12. Cost-Output relationship in the Short-Run and Long Run
13. Classifications of Market Structure
14. Price -Output Determination in Perfect Competition
15. Price -Output Determination in Monopoly Market
16. Pricing Policy and Pricing Methods
2 Marks Questions
[Link]
2. Capitalism
3. Socialism
4. Mixed Economy
5. The Law of Demand
6. Exceptions to Law of Demand
[Link] of Supply
[Link]
9. Production Function
10. Fixed Cost, Variable Cost, and Total Cost
11. Perfect and Imperfect Market
12. Monopoly Market
13. Features and Kinds of Oligopoly
14. Features of Monopolistic Market