MS-9 Dec, 2007
MS-9 : Managerial economics
1. What is the basic objective of a firm ? Distinguish between 'Accounting Profit and 'Economic Profit' with the help of an illustration.
2. What do you understand by demand forecasting while describing the regression method of demand forecasting explain why it is important for the firm to forecast demand
3. Distinguish between the following with the help of illustrations :