Explain the Macro Economics with its subject matters.
Explain the price elasticity of demand with point method of elasticity measurement.
How is income effect can be explained on the basis of indifferences came approach?
Define cost and its various types.
Profit can be Maximized in Monopoly Market. Explain.
Is the study of Economics useful to BCA student? How? Explain.
8. Write short note on (Any Two):
a) Relation between AC & MC of a firm.
b) Law of Diminishing Marginal Utility
c) Functions of Central Bank
Attempt any TWO questions
[2x10=20]Briefly explain about Shor run equilibrium of a firm in monopolistic competition.
Explain circular flow of Income and expenditure in three sector economy.
How does National Income calculate with Final Production Method?