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Given the following demand function and cost function of a perfectly competitive firm P=20 and TC=240-50Q +5Q^2
1. Find equilibrium price and output.
2. Find total profit of the firm and show that profit is maximum possible.
What are the two main types of asset price bubbles? Discuss some of the policy responses
to possible bubbles.
Explain the dynamics of financial crisis.
List down briefly the various inventory management techniques prevalent in the industry. Discuss how some of these techniques would be applicable to an Automobile Service Shop in effective management of their inventories; i.e Spares, Consumables, etc (assume several inventories of your choice).
What is inflation targeting? Elaborate its usefulness in the short-run and the medium-run.
Since the effects of policy are uncertain, more active policies lead to more uncertainty.
Explain this statement in the context of using monetary policy as a tool to expand output
during recession.
Q1. Marginal utilities of goods A and B are 600 and 900, and the price of good B is Rs.120. If the consumer is in equilibrium, the price of good A is
Q2. The utility function of a consumer is U = 12X1.5. If the price of the good is Rs.63 per unit, the consumer would consume.
Q3. The demand function for a good in Hyderabad is estimated to be Q = 34 – 2P. The theoretical maximum quantity of good demanded is
What is inflation targeting? How the target inflation rate can be achieved by central banks
using Tylore rule?
“Inflation is always and everywhere a monetary phenomenon”. Discuss.
Discuss the Real Business Cycle model. Does the global economic crisis of 2007-09
support this model?
