Section-AQ1While taking decisions there are different kinds of constraints related to resources, time,rules, physical reality etc. leads to the matter of choice. How will you explain the wholesituation in terms of cost, justify your answer with suitable business example?Q2.The hiring of labour with fixed factor of production under short run after sometimes leadsto increase in cost only. What's your opinion at what stage of production producer shouldmake addition in labour, identify which concept in economics explains the whole situation,and justify your answer why it happens with the help of table and diagrams?Q3. Forecast the demand for the rice for a country for the year 2019 on the basis of 7-yeardata given in table:Year2012 2013 2014 2015 2016 2017 2018Population (millions)10121520253040Rice consumed (million tonnes)405060708090100SECTION BQ4. Monopolistic market structure is characterized by large number of buyers and sellerselling close substitute, product differentiation, selling cost, If the firms in a monopolisticallycompetitive market are earning economic profits or losses in the short run, would you expectthem to continue doing so in the long run? Why? Q5 Suppose domestic and foreign demand have different levels and demand curves havedifferent elasticities. How are domestic and dumping prices are determined to maximiseprofits from the domestic and foreign markets?Q6. Agriculture in India is mostly characterized by Perfectly Competitive Market! What arethe characteristics you can identify that support the statement? Analyze the reason behindbumper harvest sometimes not always good news for farmers. What strategies will yousuggest for the farmers to earn profits that in spite of perfectly competitive market they canget competitive advantage in agriculture industry?SECTION CQ7.On the basis of an assessment of the current and evolving macroeconomic situation, theMonetary Policy Committee (MPC) at its meeting today (December 4, 2020) decided tokeepthe policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0percent.Consequently, the reverse repo rate under the LAF remains unchanged at 3.35 percent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent. Assessthe present liquidity scenario in India and give your opinion about the impact of thisreduction on money supply and also suggest other measures that RBI can take in recent timesto maintain liquidity.Q8.If opening up to free trade would benefit a nation, then why do nations not just eliminatetheir trade barriers, and not bother with international trade negotiations? Analyse the situationof US China trade war in respect of its origin, impact on US, Chinese, world and IndianEconomy with suitable data of year between 2015-2020. What are the future prospects forIndia in this regard?

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Q1While taking decisions there are different kinds of constraints related to resources, time, rules, physical reality etc. leads to the matter of choice. How will you explain the whole situation in terms of cost, justify your answer with suitable business example?

Q1While taking decisions there are different kinds of constraints related to resources, time, rules, physical reality etc. leads to the matter of choice. How will you explain the whole situation in terms of cost, justify your answer with suitable business example?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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