Question 1 what is opportunity cost explain with the help

Reference no: EM13355492

Question: 1 What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic?

Question 2. (a) Explain law of demand with the help of a demand schedule and demand curve.

(b) Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2

Question 3. "Cost function expresses the relationship between the cost and its determinants." Discuss this statement giving examples from any firm of your choice.

Question 4. "A characteristic of oligopolistic market is that, once the general price level is established it tends to remain fixed for an extended period of time." Discuss the economic rationale underlying this phenomenon.

Question 5. In any firm of your choice, try to find the effect of change in demand and change in supply on price and quantity of product.

Question 6. Write Short Notes on the following:

(a) Value Maximization

(b) Envelope Curve

Reference no: EM13355492

Questions Cloud

1 compute the present value of a two-period annuity of 1 : 1. compute the present value of a two-period annuity of 1 per period if the discount rate is 10 percent.2. a two-period

Question 1 nbspwhat is an animalwhat is an animal include : question 1 nbspwhat is an animal?what is an animal? include in your answer how animals are differentiated from other

Question let l be a language whose wff-formation rules are : question let l be a language whose wff-formation rules are the following..1. every sentence letter us an l-wffmore

Question 1 many of the larger dna viruses are able to : question 1 many of the larger dna viruses are able to enhance viral protein translation by coding for ribosomes that

Question 1 what is opportunity cost explain with the help : question 1 what is opportunity cost? explain with the help of an example why assumption of constant opportunity cost is

Question 1 describe the evolutionary process of : question 1. describe the evolutionary process of organization design and different perspectives of organization design

Question maturity 6m 1yr 2yr 3yr 5yr 7yr 10yr ytm 007 011 : question maturity 6m 1yr 2yr 3yr 5yr 7yr 10yr ytm 0.07 0.11 0.37 0.76 1.61 2.24 2.78 any required rates for other

Question 1 amax corporation is a mining company that : question 1. amax corporation is a mining company that focuses on extraction of molybdenum-a crucial additive in the

Read the titled books drilling fluid engineering manual : read the titled books drilling fluid engineering manual. textbook prepared by m-i drilling fluids co.1998 halliburton

User Account

All Pages