Managerial Economics

when the amount of land used for producing a particular crop is kept the same, and the other factors of production like labour, fertilisers, etc is increased.

Document Preview:

Summer 2011-May drive Masters of Business Administration-Semester 1 MB0045 – Managerial Economics -4 Credits (Book ID: B1131) Assignment Set-1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 1. Explain what is price elasticity of demand and outline the determinants of price elasticity of demand with examples. 2. In the newspapers we read about mergers between companies in the same line of business. What are the economies of scale that can be availed of with mergers. 3. Discuss the features of monopolistic competition and the method of price determination in monopolistic competition. 4. If you were to buy a car, what are the factors that would affect the demand for your purchase. 5. When factors of production are combined to produce a particular level of output, what would be the effect on total product when all factors are kept fixed and only one factor is varied. For example, when the amount of land used for producing a particular crop is kept the same, and the other factors of production like labour, fertilisers, etc is increased. 6. A company wishes to project the production requirements of a particular product in the coming years. How will the company forecast the demand in the coming years, using the trend projection method.
Summer 2011-May drive Masters of Business Administration-MBA Semester 2 MB0042 – Managerial Economics -4 Credits (Book ID: B1131) Assignment Set-2 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 1. The supply of a product depends on the price of the product. This determines the supply curve. What are the factors other than price that cause shifts in the supply curve. 2. Explain with examples the following types of costs: a) Fixed costs b) Variable costs c) Marginal costs d) average costs e) short run costs 3. Indian railways is an example of monopoly in India. Discuss the factors that determine price in the different categories of travel in railways.