MB0042 – Managerial Economics - Feb drive 2011  Posted by :
Dharmendra Bhaskar | Monday, October 3, 2011 | Published in  Q.1
Price elasticity of demand depends on various factors. Explain
each factor with the help of an example.  Q.2 A company is
selling a particular brand of tea and wishes to introduce a new
flavor. How will the company forecast demand for it ?  Q.3 The
supply of a product depends on the price. What are the other
factors that will affect the supply of a product.  Q.4 Show how
producers equilibrium is achieved with isoquants and isocost
curves.  Q.5 Discuss the full cost pricing and marginal cost
pricing method. Explain how the two methods differ from each
other.  Q.6 Discuss the price output determination using profit
maximization under perfect competition in the short run. [Type
text] [Type text] Feb drive 2011  Master of Business
Administration - MBA Semester I MB0042 – Managerial Economics -
Feb drive 2011  Q.1 Income elasticity of demand has various
applications. Explain each application