What is meant by Arbitrage?

The concept of consumer's surplus is derived from the law of diminishing marginal utility. Discuss.

Why does the marginal rate of technical substitution (MRTS) decline as we move rightward and downward along a convex-shaped isoquant?

For equilibrium, a producer may attempt maximization of output subject to a given cost or alternatively, he may seek to minimize cost subject to a given level of output. Do you agree? Discuss.

What will be the consequences of setting up a price floor above the equilibrium price? 

Illustrate the impact of a price support measure imposed by the government on the market of a commodity under the following conditions:

(i) When the price floor is fixed at a price lower than the equilibrium price.

(ii)When the price floor is fixed at a price equal to the equilibrium price.

On what grounds is the law of diminishing marginal utility being criticized by the modern economists? 

Discuss the concept of Utility. How is the cardinal utility approach different from the ordinal utility approach? 

Discuss the concept of Utility. How is the cardinal utility approach different from the ordinal utility approach? 

Illustrate isoquants having positively sloped segments. In the same diagram construct ridge lines and explain the concept of Economic Region of Production. 

Explain the concept of an Expansion path? Explain why an expansion path in case of a linear homogeneous production function is a straight line? Discuss.

Discuss the reasons behind a typical U-shaped long-run average cost curve (LAC) that a firm may face over its range of output in the long run. 

The behaviour of the firm which seems to be efficient in the short-run may found to be inefficient in the long-run. Do you agree? Explain using appropriate diagram. 

Decision areas for strategic planning in the international marketing context.

Scope of international marketing research.

International distribution channels.

Briefly explain the components of international advertising strategy. What are the advantages and disadvantages of standardization of international advertising programme?

Briefly explain the components of international advertising strategy. What are the advantages and disadvantages of standardization of international advertising programme?

Explain the different forms of 'regional economic groupings' giving suitable examples.

Briefly explain the elements that make up culture. Why is an understanding of different cultures important to an international marketing manager? Elaborate giving examples.