Annamalai Study Material by DistPub – Managerial Economics

1
Managerial Economics
DistPub Team

• Q1 Decision making is the most important
  function of business managers. Decision making is
  the central objective of Managerial Economics.
  Discuss - Scope of the Economics in Decision
  Making and Different Decision Making Models.
• Q2 Monopolistic Competition is a special case of
  imperfect completion. It stance between monopoly
  and perfect completion and accordingly the
  pricing decision are determined by the market
  forces Discuss.
• Q3 Since different decision are affected by
  difference type of cost, it is essential for a
  manager to understand the relevant cost in
  decision making. Comment in detail.
• Q4 The concept of price velocity is very useful
  in the total revenue planning of your firm.
  Comment on the validity of this statement. Derive
  a relationship between price velocity and
  marginal revenue of a firm

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