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Define A Production Function. 6. What Is Short Run Cost?
Define A Production Function. 6. What Is Short Run Cost?
Define A Production Function. 6. What Is Short Run Cost?
12.a.Discuss any four techniques of demand forecasting with the merits and
limitations.
or
b.Explain the various measures of price elasticity of supply with necessary diagrams.
13.a.Explain the nature and managerial uses of production
function.
or
b.Discuss briefly about different cost concepts relevant to managerial decisions of planning
and control.
14.a.What are the main features of pure competition? how does a firm adjust its policies to a
purely competitive situation?
or
b.Explain the method of cost plus pricing and state its limitations. point out the cases where it
is suitable.
15.a. Describe the contents of cash flow statement.
or
b. Describe the present value method of raking alternative investment proposals.