JAIPUR NATIONAL UNIVERSITY, JAIPUR

School of Distance Education & Learning

Internal Assignment No. 1

Master of Business Administration / DM

Paper Code: MBA – 103

Paper Title: Managerial Economics

Last date of submission: Max. Marks: 15

Note : Question No. 1 is of short answer type and is compulsory for all the students.
It carries 5 Marks. (Word limits 50-100)

Q. 1. Answer all the questions:

(i) Distinguish between perfectly elastic demand and perfectly inelastic demand
(ii) Define marginal revenue.
(iii) What is opportunity cost?
(iv) What is product differentiation?
(v) What do you understand by disposable income?

Note: Answer any two questions. Each question carries 5 marks (Word limit 500)

Q. 2. What is elasticity of demand? Explain different types & degrees of elasticity of

demand.

Q. 3. Explain law of variable proportion with help of suitable diagrams.

Q. 4. Define national income. Discuss the methods measuring National Income with
suitable example.
JAIPUR NATIONAL UNIVERSITY, JAIPUR
School of Distance Education & Learning
Internal Assignment No. 2

Master of Business Administration / DM

Paper Code: MBA – 103

Paper Title: Managerial Economics

Last date of submission: Max. Marks: 15

Note : Question No. 1 is of short answer type and is compulsory for all the students.
It carries 5 Marks. (Word limits 50-100)

Q. 1. Answer all the questions:

(i) “Two indifference curves cannot touch or intersect each other”. Explain why?
(ii) What is elasticity of substitution?

(iii) Explain any one good effect of Monopoly.

(iv) What is homogeneity of product?
(v) Name the stages of business cycle.

Note: Answer any two questions. Each question carries 5 marks (Word limits 500)

Q. 2. Explain the law of diminishing marginal utility. What is its importance?

Q. 3. Explain different determinants of demand.

Q. 4. Define national income. Explain the relationship between national income &
economic welfare.