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    Unit 3 My Notes

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    DR. PRASANTH.B
    Managerial Economics-3

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    © All Rights Reserved
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    Unit 3 My Notes

    Uploaded by

    DR. PRASANTH.B
    9 views6 pages
    Managerial Economics-3

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Managerial Economics-3

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    9 views6 pages

    Unit 3 My Notes

    Uploaded by

    DR. PRASANTH.B
    Managerial Economics-3

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    SNIT I1 PRODUCT AND FACTOR MARKET 13

    Product market perfect and imperfect market - different market structures Firm's
    equilibrium and supply)- Market efficiency Economic costs of imperfect competition factor
    market Land, Labour and capital determination of factor
    price Interaction of product and
    -
    -

    factor market General equilibrium and efficiency of competitive markets.


    Activity- Last five
    years' data about perfect and imperfect market.

    Oferee blw rodutt 4 Servtes


    Diffance hw Rod Marmet 4Jacter Mauhet.
    Bodut mavnet:
    Poduetlaryet is a
    place wherebutro and
    Selling happens with exchan monet
    money. ures Ste le
    Bue4 le s
    Eect 0
    neson.i

    Lorge nO
    Reelorge buyeu and sellek ov
    homggeneou wduct beses 4 Cau

    hlhere 'nO lpe buyes and elles a e present

    Ditferent Marhet Stachresi-


    CRefer unit-2 P . )
    Mnonoly - One Ryppleed- TNEB

    Monopoiste -Meny Stnpltras


    ttrm olyopoly
    fm a an orqntsaton hat Oopotey Sep
    combins and

    Ganues HesOUNCes Y h e pecrypase rodocong facds


    or ences Sale.

    kauillbnom h e fm Calso exeplau braaheen) BEP


    The output level at wht chP
    the greabu prefet achccec.
    2
    LECTURE NOTES PAPER
    Marhet eeceney
    7 BY
    kconemic
    efiteny
    Hocen ohcch NesOUrcl a mandmom
    utlsed and wtth mininum uwesie.
    plagtr chin pm0dr i r

    ktonomic cant mperect tompetiton

    ) lartel
    Telomal aMOtalten all all dellos

    7ea- lo* tn alL


    dhqps.

    ) quai compeltitue model


    model
    olgopric Cenyfew sellos
    pebol)
    re
    m marg few seleu rederc b rmce and sel
    9 Bhavat Pelicleum -Aors
    tgh ace- Shell? geb extta pr consumer
    tsay Sentee
    free ar
    Sqlam cleang.
    Counot Madl
    model
    Digpoly
    ne m tonstdes otherhems cwl als
    t h e aon uay
    thenh
    e 1 Pai

    c e leadasip model
    One m wul be the lealee

    picurg
    ppicong Beta 14.97. 399
    LECTURE NOTES PAPER 3

    factor marheE:
    tactor market i a malet uhere he

    bopht anad sold


    sactors
    jaubs pmoducheN are

    kand
    faco rdiictoni
    -habou
    aepctul
    Landt ncluole untu, a , laght teat
    kand Matetals and
    pru uwhch natun
    gee eely
    o man" nclvdes ater, ar.lght and hazt.

    focbos affectng productudy land layr ownig Lana

    Oland qunlity Buy g tranf ae kmanertiy


    a) Rent- o
    locatAn -

    fatory neauig Rri notdthunin


    watu tabe Gau) lease Can ejY a
    -

    waber duPpy 7?
    Cdake duleming ars
    arthaspr'g AabouY nvdued Smart
    passible con bexenchd

    oot poleay. ) J -h t wnbre buildoy


    aaming
    Rent Too qatteme-
    Kra ov useg the land p a ertod tme
    The valwe land 4 vanabe de
    ILent les Lalve les drtie les valve
    LECTURE NOTES PAPER

    Labour
    human lemena n proudtten
    -
    kabour extautrg phyitcal o
    mental etfent
    and payoy tham meney lunge or Salay) datf blo ug 4

    Labo has por kagag pexe aleuma


    Dusten labour ldivcang t dubdtuiclorg labour
    orce baed m taii ntvest s ju).
    fautou dekemnog ages
    0 Demend

    Shll 9 labour Artst)

    dapibad
    cnvolvnd in mocen odoctien.
    MOney
    Monay
    all frishadoccls aluo
    -taueted Dnvolwes

    charateitus g capetal*

    ault labar

    phadwctie CInteucst can be amed


    Captal
    )Btent
    Mlhed preatirg ayitau i) Loan
    ) PeosTenope

    Moge

    0) Subtady
    LECTURE NOTES PAPER
    debembnaton jautor Pre

    nlage
    Salay detembraten iese auod
    Rent
    are
    Aclance hegh wlon olhmad à
    mor
    Interast
    oan

    Interachen rdvt and atar marhet Uras torcept 9 duted


    dmand.
    oneypce) Paie

    tactea
    Prodocten a,A, 4Senices uscng
    Mubal +Di Convertible fams
    Household Ne Debentres

    Caoods t Senocreu

    jenetal quiltbrvm Catupetrve margetá


    e e maukes
    dapital maufeá
    un) Gevemnent
    Trdtuclval man^ci
    6
    LECTURENOTES PAPER

    r e e ayed (7ovt a Luentent) out cwork i d i c t

    )people Lnome ae lhlumned hy interst


    ates
    and rent
    l e y

    not

    wll C) Competitue mte url halp pade fpas


    koauyx
    Jpvt
    in rtn
    manner

    u) Here noh beome nch, poor beceme poorer

    Capital maneh: ovt s Strct a ndia) qot cunjs inducdy


    a) oney floeo baued n buyrgselturg

    u) bovt Ltl ao nenayy y drx otar iei

    au) erovenment
    main Sovre nome

    7Agh teu for hegh tanrg peepl


    Leo tax 7or low camp pegpe .

    ) Tnditdual matta
    Demand 4 Juppy determine pmces.

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