* Discuss the difference between individual and market demand. 2. How does the study of managerial economics help a business manager in decision-making? Illustrate your answer with example from output and pricing issues. * Explain the difference between micro and macroeconomics? * State why managerial economics should be thought of as applied microeconomics? * Explain the difference between short run and long run production. * What does perfect completion mean? State few assumption of perfect competition. * Discus the idea of wealth- maximization objective of the firm and its relevance comparing to that of the profit maximization objective? * Why do monopolies arise in the market? * Discuss the types of price discrimination using example. * Explain the difference between market segmentation and targeting strategies.

/in /by

* Discuss the difference between individual and market demand.

2.     How does the study of managerial economics help a business
manager in decision-making? Illustrate your answer with example from
output and pricing issues.

* Explain the difference between micro and macroeconomics?
* State why managerial economics should be thought of as applied
microeconomics?
* Explain the difference between short run and long run production.
* What does perfect completion mean? State few assumption of perfect
competition.
* Discus the idea of wealth- maximization objective of the firm and
its relevance comparing to that of the profit maximization objective?
* Why do monopolies arise in the market?
* Discuss the types of price discrimination using example.
* Explain the difference between market segmentation and targeting
strategies.

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