Question
1. What is Demand? Explain the nature of demand. 2. Differentiate between risk, certainty and uncertainty? 3. Explain the optimization models and write their uses?
1. What is Demand? Explain the nature of demand. 2. Differentiate between risk, certainty and uncertainty? 3. Explain the optimization models and write their uses? 4. Define managerial economics. Discuss the significance of managerial economics in modern times. 5. Compare the demand pull inflation with cost push inflation?
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
