FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS

Managerial Economics

Unit-I: Introduction to Managerial Economics  a. The Circular flow of Economic Activity b. The Nature of the firm: The Rationale for the Firm, the Objective of the Firm, Maximizing versus Satistisficing c. The Principal-Agent Problem, Constrained Decision Making d. The Concept of Economic Profit e. Profit in a Market System f. Economics and Decision Making Unit-II: Demand Theory and Analysis (Lectures-10) a. Individual Demand, b. Market Demand: Determinants of market demand, The market demand equation, Market Demand vs. Firm, Demand c. Price Elasticity d. Price Elasticity and Marginal Revenue e. Price elasticity and Decision Making Unit-III: Production and Costs (Lectures-10) a. The Production Function b. Production with one Variable Input c. The Production Isoquant d. Profit Maximization e. The Economic Concept of Costs: Opportunity Cost, Explicit and Implicit Costs, Marginal, Incremental and Sunk Costs f. The Cost of Long-Lived Assets Unit IV: Market Structure (Lectures-10) a. Perfect Competition (Equilibrium Price) and Monopoly b. Market Structure: Product Differentiation, Conditions of Entry and Exit c. Oligopoly: Price Rigidity and Price Leadership d. Advertising