NARSEE MONJEE INSTITUTE OF MANAGEMEvNT & HIGHER S} (DEEMED UNIVERSITY) SUBJECT : BUSINESS ECONOMICS: COURSE : MBA - TECH 7 oo mas“ ACADEMIC YEAR: 3° YEAR, TRIM7 DURATION : 3 irs Dele = &£ ime — 11°00 0S pe Peer ncTacai te Sons carefully : 2 re acera ta Q1 is Compulsory. ‘Answer Any 4 of the remaining 6 questions Draw Neat Labeled Diagrams wherever necessary. Assume suitable data if required. Use of calculators is permitted, Each question carries 20 marks. OPOAUNS Q1. From the below mentioned table find the following for each Output quantity: \Q a. Average Cost b. Marginal Cost ©. Average Fixed Cost d. Average Variable Cost Sr.No, | Output Variable Cost Quantity | Fixed Cost (Rs.)_| (Rs. p.u) 1 0 200) 0 2 5 200) 4 3 10 200) a 4 15 200 12 5 20 200) 25 6 25 200) 35, 7 30, 200 60. Explain at which Output Quantity is the Minimum Average Cost obtained. ¢ 2. Compare and Contrast between the following and provide suitable examples :- 7 a. Monopoly and Oligopoly Market Structure b. Technological Regress and Technological Obsolescence . Product Markets and Factor Markets d. Foreign Institution Investors (Fil) and Foreign Domestic Investment (FDI) 3. Explain ANY ONE of the following sectors with respect to Michael Porter's Five Forces Model a. Indian Manufacturing Industry b. Indian IT Industry . Indian Telecom industry d. Indian Chemical IndustryFS 2 ~ Explain the following a. Role of the Central Bank of the country. b. Model describing the Circular flow of economy. Justify the following statement — ‘a. Nothing is more valuable than water and air, yet it will scarce purchase anything’. b. ‘A-small amount of inflation is considered favorable for an economy’ Explain the Role of the following Organizations a. World Trade Organization (WTO) b. International Monetary Fund (IMF) Explain the impact of the following on an economy : a. High Tax Structure b. Low Interest Rates