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Question 1:
Either
‘Today the business organizations are quite different from the traditional classical firm with a wide range of objectives.' Discuss the above statement in the light of the alternative business model's objectives.
OR
Explain the problems which may arise due to information asymmetry and discuss the measures which can be taken to alleviate some of these problems.
Question 2:
Discuss any three of the following:
a) Economic resilience and SIDs b) Financial globalization and economic growth c) Governance in the public sector d) Management of exchange rate risk e) Demand Management policies f) Importance of productivity concepts at firm's level and national level.
What is Normative economics It is concerned with varied corrective measures which a management undertakes under different circumstances. It deals with goaldevelopment, goal det
Based on the information given in the Canada Health Act as well as the information given in your Study Guide, write a description of how medical services are funded in Canada. Be s
What is the goal of a firm?
Q. Loss at the point of equilibrium? Losses: At the point of equilibrium i.e. E where MR = MC, firm produces OM amount of the output. To produce this output, firm incurs an a
Managerial economics according to Mote and Paul "Managerial economics refers to those aspects of economics and its tools of analysis most relevant to the firm's decision-making
ARGUMENTS FOR MONOPOLIES Although monopolies are usually hated mainly because their practice of consumer exploitation, there are some aspects of monopolies which are favourabl
No new substitutes for the commodity If some new substitutes for a commodity appear in the market, its demand normally declines. This is quite natural, since with the availabil
Dynamics of Unemployment and Real Wages through Productivity Shocks The model that you are studying here is in the tradition of the real business cycle theory th
It indicates the amount of output by that long run output of the firm under monopolistic competition falls short of the Ideal output. This is regarded as wastage in monopolistic co
Borrowing Facilities If a country's currency is not convertible, it can borrow from countries whose currencies are convertible and use the convertible currencies to make its i
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