MB0042- MANAGERIAL ECONOMICS

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ASSIGNMENT QUESTION PAPER










DRIVE


WINTER 2014



PROGRAM

MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2

SEMESTER

1










SUBJECT CODE & NAME

MB0042- MANAGERIAL ECONOMICS


BK ID


B1625



CREDIT & MARKS

4 Credits, 60 marks









Q.No

Questions
Marks
Total Marks

1

What is production function and its uses? Explain the two types of production



functions.







Production function and its uses
3




Two types of production functions
7
10

2









Monopoly is the situation there exists a single control over the market producing a



commodity having no substitutes with no possibilities for anyone to enter the



industry to compete. In that situation, they will not charge a uniform price for all



the customers in the market and also the pricing policy followed in that situation.



Define Monopoly


2




Features of Monopoly


4




Kinds of Price Discrimination
4
10

3

A cost-schedule is a statement of variations in costs resulting from variations in the levels of






output and it shows the response of costs to changes in output. If we represent the



relationship between changes in the level of output and costs of production, we get different



types of cost curves in the short run. Define the kinds of cost concepts like TFC, TVC, TC,



AFC, AVC, AC and MC and its corresponding curves with suitable diagrams for each.



kinds of cost concepts like TFC, TVC, TC, AFC,
7




AVC, AC and MC and its corresponding curves





suitable diagrams


3
10

4









Inflation is a global Phenomenon which is associated with high price causes decline



in the value for money. It exists when the amount of money in the country is in



excess of the physical volume of goods and services. Explain the reasons for this



monetary phenomenon.





Define Inflation


2




Causes for Inflation


8
10

5

Discuss the practical application of Price elasticity and Income elasticity






of demand.







Practical application of price elasticity
5




Practical application of Income elasticity
5
10



6.
Discuss the scope of managerial economics.













Definition of Managerial Economics
2



Scope of Managerial Economics
8
10


Note Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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or
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