Master of Business Administration- MBA Semester 1
Managerial Economics - 4 Credits
Assignment Set - 1 (60 Marks)Note: Each question carries 10 Marks. Answer all the questions.
1. Explain the importance of managerial economics.
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2. Discuss the determinants of price elasticity of demand.3. Explain trend projection method of demand forecasting with illustration.4. Explain factors determining elasticity of demand.5. Explain how a product would reach equilibrium position with the help of
iso-quants and iso-cost curve.6. Explain cost output relationship with reference to:a. Total fixed cost and output b. Total variable cost and output