1) define managerial economics. explain its nature and scope
2) explain how do you measure elasticity of demand. illustrate how do you interpret different types of elasticity of demand.
3) what do you understand by demand forecasting. explain different methods of demand forecasting.
4) explain the features of perfect competition.
5) the p/v ratio of matrix books limited is 40% and margin of safety is 30%. you are required to work out the BEP and net profit if the sales volume is 14,000.
6) write any two.
a) fixed cost and variable cost
b)marginal cost
c)opportunity cost.
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