Economies of Scale

Income Consumption Curve

What is interdependence in an oligopolistic market? What kind of problems does it creates for oligopoly equilibrium?

State the Law of Diminishing Marginal Utility and its limitations. Is the Law of Diminishing Marginal Utility applicable to money? Explain your answer.

What are the main determinants of Elasticity of Supply of a Commodity? Distinguish between Perfectly Elastic, Perfectly Inelastic, Unit Elastic, Inelastic and Elastic supply curves with the help of diagrams.

Explain the law of demand with the help of a demand schedule and a demand curve. Explain the exceptions to the law of demand using the distinction between substitution and income effects.

What is meant by delivery of goods? What are the rule relating to delivery of goods?

Discuss the legal rules for valid consideration with examples.

Explain the circumstances when a person other than the owner can make a valid pledge.

Explain the rights and liabilities of partners on dissolution of partnership firm.

“Delegatus non potest delegare”. Discuss the implication of this in relation to agency and state the exceptions to this rule.

What are contingent contracts? Stats the rules regarding enforcement of such contracts with examples.

“Silence as to the facts is not fraud” comment

Explain the law relating to commnicutation of offer and acceptance and their revocation.

The biggest drawback from which form of organisation suffers is the conflict between line and staff.

Control is a fundamental management function that ensures worth accomplishment according to plans.

Contingency approach is based on the view that there is no one best way to manage.

Morale is an important factor which contributes to the willingness of people to work

Policies and Objectives

Coordination and cooperation