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Write a note on Game Theory.

Course: master degree programs.

Game Theory: Game theory is a purely mathematical device which has been developed to explain economic behaviour of "players" in a given market environment. The game theory can be treated as an optimisation technique guiding... More

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Answer in managerial economics

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Write a note on Cases Method and Model Method of Managerial Economics.

Course: master degree programs.

Cases: The case method is a pedagogical technique. In managerial, economics, the case method is useful to the extent it stimulates a real world business situation. A case represents a depiction of the real life situation, i... More

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Answer in managerial economics

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Define the concept of Optimisation. Explain its various elements.

Course: master degree programs.

The idea Of optimisation is present in any quantitative decision-making. In simple terms, optimisation means the act of choosing the best alternative out of whatever alternatives are available. All optimisation problems consist of three elements.... More

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Answer in managerial economics

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What are Central or Basic Problems of an Economy?

Course: master degree programs.

Managerial economics caters to the fundamental question of scarcity of resources by providing the organization with appropriate analysis of the various activities undertaken by the organization vis-a-vis the best possible alternative for the effectiv... More

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Answer in managerial economics

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How Managerial Economics is an Integral Part of Business Activity?

Course: master degree programs.

Managerial Economics is the use of economic modes of thought to analyze business situations. Based on this definition of Managerial Economics, the relationship between economics and management may be justified. The management provides the guidance, l... More

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Answer in managerial economics

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What should the decision maker needs to keep in mind while collecting and selecting data on the relevant variables?

Course: master degree programs.

It is of utmost importance for the decision maker to appropriately analyze the various determinants of the range of variables that may have an effect on the demand of nip product while conducting the regression analysis. An account of the substitute ... More

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Answer in managerial economics

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Value Maximization has become the Major Objective of a Modern Firm. Comment.

Course: master degree programs.

Value maximization is the new fundamental of the real world firms. However, the traditional objective of the firms has been profit maximization, but of late some part of this objective has been replaced with value maximization. As the firms tend to i... More

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Answer in managerial economics

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Managerial Economics serves as a link between traditional economics and decision sciences for the business decision-making. Explain.

Course: master degree programs.

Managerial Economics is concerned with the application of economic principles and methodologies to the decision making process within the firm or the organization under the conditions of uncertainty. Thus, it can be said on the basis of the above def... More

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Answer in sociology of religion study

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Explain Functionalism as a Sociological Perspective.

Course: ma sociology.

The oldest perspective in the field of sociology is functionalism. The maintenance of social unity is the prime objective in functionalist approach. Durkheim, who is the founder of functionalism viewed religion within the context of the entire societ... More

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Answer in sociology of religion study

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What do understand by Tribal Cosmology?

Course: ma sociology.

Tribal Cosmogony refers to a five fold order that sets forth the timeless sequence of creation, preservation and dissolution of the world of matter. Let see its fundamental, intuition. First Order is set in 'nothingness': In the beginning there was n... More

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Courses list

Write a note on Game Theory.

Write a note on Cases Method and Model Method of Managerial Economics.

Define the concept of Optimisation. Explain its various elements.

What are Central or Basic Problems of an Economy?

How Managerial Economics is an Integral Part of Business Activity?

What should the decision maker needs to keep in mind while collecting and selecting data on the relevant variables?

Value Maximization has become the Major Objective of a Modern Firm. Comment.

Managerial Economics serves as a link between traditional economics and decision sciences for the business decision-making. Explain.

Explain Functionalism as a Sociological Perspective.

What do understand by Tribal Cosmology?

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