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SVKMs NMIMS NMIMS Global Access School for Continuing Education

Course: Business Economics SEM - I Programme : DBM/PGDBM /DHRM / PGDHRM / DMM /PGDMM DFM / PGDFM / DBFM / PGDBFM / DSCM / PGDSCM/ DITM/ PGDITM Assignment Marks: 30

Instructions: All Questions carry equal marks. All answers to be explained in not more than 1000 words. Use examples as far as possible. All answers to be written individually. Discussion and group work is not advisable. Copying from websites or e-books will carry negative marks.

1. Explain (using example) the law of Demand. Also, explain the difference between the law of demand and law of supply.

2. Explain (with the help of diagram & examples) different types of short run and log run costs. Also, explain (with the help of examples for each) the different type of economies and diseconomies scale.

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