JAIPUR NATIONAL UNIVERSITY, JAIPUR ‘School of Distance Education & Learning Internal Assignment No. 1 Master of Business Administration / DM Paper Code Mpa. Paper Tt Man Last date of submission: Max. Maris: 18 Note : Question No.1 i of short answer type and is compulsory forall the students. carries 5 Marks, (Word limits 5-100) Q.1. Answer all the questions: (© Distinguish between perfectly elastic demand and perfectly inelastic demand (ii) Define marginal revere (ii) Whats opportunity cost? (iv) Whats product ditferentition? (©) What do you understand by disposable income? Note: Answer any two questions. Each question carries S marks (Word limit 500) 0.2, Whats clsicity of demand? Explain diffrent types & dgrecs 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 Inome with stitable example.Gt] Distunguish betrtoen Perfectly elas dernamal oud Perpedly imclerte devramd ? 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