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MC1004 MANAGERIAL ECONOMICS (Code: MC1004)

MC1004 MANAGERIAL ECONOMICS
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MC1004 MANAGERIAL ECONOMICS MC1004 MANAGERIAL ECONOMICS
 

MC1004 SOLVED PAPERS AND GUESS 

 

Product Details:          Rohtak university MC1004 SOLVED PAPERS AND GUESS

Format:                        BOOK

Pub. Date:                    NEW EDITION APPLICABLE FOR Current EXAM

Publisher:                   MEHTA SOLUTIONS

Edition Description2017

 

RATING OF BOOK:      EXCELLENT



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  If you find yourself getting fed up and frustrated with other Rohtak university book solutions now mehta solutions brings top solutions for Rohtak university. this MC1004 book contains previous year important solved papers plus faculty important questions and answers specially for Rohtak university .questions and answers are specially design specially for Rohtak university students .

 

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Unit  1:  Nature  and  Scope  of  Managerial  Economics:  Objectives  of  a  firm;  Economic  theory  and  managerial  theory; Managerial economists role and responsibilities; Fundamental economic concepts—incremental principle, opportunity cost principle, discounting principle, equimarginal principle.

Unit 2: Demand Analysis:  Individual and market demand functions, Law of demand, determinants of demand, Elasticity of  demand:  its  meaning  and  importance,  elasticity,  income  elasticity  and  cross  elasticity;  Using  elasticity  in  managerial decision.  Theory of consumer choice, cardinal utility approach, indifference approach, revealed preference and theory of consumer  choice  under  risk;  Demand  estimation  for  major  consumer  durable  and  non-durable  products;  Demand forecasting techniques.

Unit  3:  Production  Theory:  Production  function,  production  with  one  and  two  variable  inputs,  Stages  of  production, Economic  value  analysis:  short  and  long  run  cost  functions,  their  nature,  shape  and  inter-relationship,  Law  of  variable proportions; Law of returns of scale.

Unit 4: Price Determination Under Different Market Conditions:  Characteristics of different market structures, Price determination  and  firms  equilibrium  in  short  run  and  long  run  under  perfect  competition,  monopolistic  competition, oligopoly and monopoly.Pricing  Practices:  Methods  of  price  determination  in  practice,  pricing  of  multiple  products,  price  discrimination; International price discrimination and dumping, transfers pricing.

Unit 5: Business Cycle: Nature and phases of a business cycle, Theories of business cycles, psychological profit, monetary innovation, Cobweb, Samuelson and Hicks theories.Inflation: Definition, characteristics and types; Inflation in terms of demand-pull and cost push factors, effects of inflation.

 

Old price: 400.00 Rs
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Weight: 0.5 Kg
Pages Pages: 141
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