Spring 2010 (Jan-June

)

Master of Business Administration- MBA Semester 1 MB0042 – Managerial Economics - 3 Credits
(Book ID:)

Assignment Set- 1 (60 Marks)

Note: Each question carries 10 Marks. Answer all the questions.

1. Mention the demand function. What is elasticity of demand? Describe the determinants of elasticity of demand. (3+2+5) 2. How is demand forecasting useful for managers? 3. Explain production function. How is it useful for business? (5+5) 4. How do external and internal economies affect returns to scale?(5+5) 5. Discuss the profit maximization model. 6. Examine the relationship between revenue concepts and price elasticity of demand.

Spring 2010 (Jan-June)

Master of Business Administration- MBA Semester 1 MB0042 – Managerial Economics - 3 Credits
(Book ID:)

Assignment Set- 2 (60 Marks)

Note: Each question carries 10 Marks. Answer all the questions.
1. 2. 3. 4. 5. Under perfect competition how is equilibrium price determined in the short and long run? Under what conditions is price discrimination possible? Explain the average and marginal propensity to consume. What is monetary policy? What are the objectives of such policy? ( 4+6) Explain briefly the phases of business cycle. Through what phase did the world pass in 200909.(7+3) 6. What are the causes of inflation? What were the causes that affected inflation in India during the last quarter of 2009.