Managerial Economics (Semester II)

Trend projection: It is a powerful statistical tool that is used to predict future values of a variable on the basis of time series data.. Time series data are arrangement of

is a high level of investment, in the product market, for equilibrium to take place, savings also has to be at a high level; this is possible only when the income level is

It shows a direct relation between price and demand, which means demand, goes up with the rise in prices and goes down when prices falls.. So the factors which are responsible

Conceptually, total cost includes all types of money costs, explicit as well as implicit.. Total cost = Fixed cost +

 All the sellers in the market have a perfectly similar product to offer, that is the product offer by each of the producers is in every way the same from time

Increasing expenditure of the people leads to increase in production, whereas decrease in spending results into decline in production.Thus, it is the aggregate demand

Quandt (1980), Microeconomic Theory: A Mathematical Approach, McGraw Hill,

A Break-Even Analysis also known as cost volume & profit analysis or profit contribution analysis is an important profit planning technique that illustrates at what level of