Managerial Economics

A concept which has importance in the equilibrium analysis and thus economic analysis is

Thomas Malthus believed

For an economy which consist of single automobile maker and that in year 2014, 30,000 vehicles are produced with an average price of Rs. 5 lakh. For this economy what would be the increase in the nominal GDP for 2015 compared with 2014 with the 4% greater automobile production and 8% inflation.

In the long run, competitive equilibrium

Under perfect competition, the long run equilibrium of the firm is established at

Marginal cost curve

Given:

The given curve is a

The law of diminishing returns or increasing cost will operate at an earlier level in agriculture than in industry because

When a monopolist is able to sell each separate unit of the output at a different price according to the pocket of the customer, he is applying

Macro-economics basically concerns with which of following in an economy?