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Managerial Economics and Business Decisions: 5 Questions Answered

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Nirbhay Mishra

Purnea University, BBA, BNMU, B.B.A (H) PART-1

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Answer any five questions. Q1. Discuss the nature and importance of managerial economics.? Q2.Explain the importance of elasticity of demand. ? Q3. Explain in detail the objectives of a business firm.? Q4.What is perfect competition? Discuss the equilibrium of firm under perfect competition. ? Q5.Discuss the factors influence price factor determination under perfect competition?. Q6.Distinguish between perfect competition and monopoly? Q7.Discuss the meaning and characteristics of monopolistic competition.? Q8.Discuss the methods of price determination of multiple products.? Q9.Discuss the pricing strategies of public enterprises.? Q10. Write short notes on any two of the following: a.Long run cost curves b. Oligopoly c. Profit maximisation d. Business decision Nirbhay Mishra Faculty,BBA Purnea College Purnea MB.- 8368660373

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Managerial Economics and Business Decisions: 5 Questions Answered

  • 1. Answer any five questions. Q1. Discuss the nature and importance of managerial economics.? Q2.Explain the importance of elasticity of demand. ? Q3. Explain in detail the objectives of a business firm.? Q4.What is perfect competition? Discuss the equilibrium of firm under perfect competition. ? Q5.Discuss the factors influence price factor determination under perfect competition?. Q6.Distinguish between perfect competition and monopoly? Q7.Discuss the meaning and characteristics of monopolistic competition.? Q8.Discuss the methods of price determination of multiple products.? Q9.Discuss the pricing strategies of public enterprises.? Q10. Write short notes on any two of the following: a.Long run cost curves b. Oligopoly c. Profit maximisation d. Business decision Nirbhay Mishra Faculty,BBA Purnea College Purnea MB.- 8368660373