SCOM 4611 Quality Assurance Management Assignments

Assignment-1 SCOM 4611
Bangladesh Open University

Programme: Commonwealth Executive MBA/MPA
Semester: 191, Level: 4th
Course Title: Quality Assurance Management Submit by: December 31, 2021
Instructions for the Submission of Assignments

1. Answer all questionsin your own handwriting on A4 size white paper.
2. Fill-in the cover page as per Semester Calendar of your assignment(s).
3. Submit the assignment to the study centre coordinator or his/her delegate and
ensure his/her signature on your Assignment Acknowledgement Form (AAF) as per
Semester Calendar.
4. Don’t make spiral binding, make soft binding.
5. If your e-mail address is not yet added to the e-mail list, please send anemail with
your ID Number and Level to:comnwlthmba.bou@gmail.com with subject “Add Me”.
6. In case of delayed submission, the School will not acknowledge the submission of
the assignment(s) and will not be responsible for any damage or loss of the
assignment(s).
7. Don’t directly copy from the book and website in preparing your assignment(s).
8. If it is noticed that your assignment is copied from another student’s assignment,
your assignment will automatically be cancelled.
1. a) Briefly describe the basic approaches of Quality Management (QM).

b) Explain the various dimensions of quality.
c) Describe the contributions of five quality gurus in Quality Management journey.
2. a) Explain various types of quality efforts in a business organization.
b) Distinguish between a leader and a manager with examples.
c) Describe how to incorporate quality goals into strategic and operational plans of a
company.
3. a) What do you mean by customer in total quality management? Distinguish between internal
and external customer with examples.
b) Describe the roles of suppliers in QM and the approaches to managing the
relationshipsbetween organizations and their suppliers.
c) Describe and interpret three different categories of customer expectations.
CEMBA/CEMPA 191/Dr. NI/SCOM 4611Quality Assurance Management Page # 1


Course Title: Quality Assurance Management Submit by: January 07, 2022
1. a) Explain the tools used for quality planning.

b) Briefly describe the tools for data collection and interpretation in quality management.
c) Explain the tools used for continuous improvement (Kaizen) of an organization.
2. a) What is ISO and ISO certification? Explain the basic requirements for certification.
b) Does each group of customers have a different perspective and expectation that constitutes
quality? Why is the Standard important in QM?
c) Explain the two conflicting roles that the human resources department (HR) has within
the organization.
3. a) Define customer relationships management. Distinguish between internal and external
customers with examples.
b) Distinguish between interactive and servant leaders with examples.
c) Briefly describe the role of quality professionals in ensuring quality at work.
4. Go through the case and answer the questions given below the case.
The British Post Office
The Post Office in Britain has undertaken a restructuring to improve the quality of service it
provides. Under the old organization, delivery of the mail and counter services were both handled
through functional departments. At the local level, it was found that Head Postmasters were
giving a great deal more attention to delivery, given its day-to-day urgency, than to counter
service.
Upon reorganization, three new divisions were created: Royal Mail Letters, Royal Mail Parcels,
and Post Office Counters, Ltd. By undertaking a focused set of customers and process, each of
these organizations has been able to reduce overhead and shorten the chain of command. In
addition, responsibility for decision making has been placed much closer to the customer, and
customers of each of the various post office services have an organization specifically charged
with responding to their needs.
The corporate functional departments that remain, such as information technology, charge the
divisions for their work. Periodic checks are made to ensure that the quality and costs of their
service are comparable to what could be obtained outside the organization. Eventually these
departments are expected to become full-fledged profit centers, so that the divisions are not
burdened with subpart in-house suppliers.
Questions:
(a) Should the application of total quality be any different in a government agency than in a
private organization? Discuss.
(b) What internal customer relationships have been created in the new organization? Explain.
(c) Do you feel that the new organization will promote improve quality? Explain.

For CPA / Old Students

Course Title: Quality Assurance Management Submit by: January 14, 2022
1. a) What do you mean by house of quality? Explain four pillars identified in HR

house of quality.
b) What is quality function deployment? Discuss the process improvement cycle in
quality management.
c) Explain the ethical and moral decision making and behavior in quality
management.
2. a) Describe the Deming P-D-C-A cycle and apply it to QM situations.

b) Explain the Six Sigma approach and differentiate DMAIC and DMADV
approaches with examples.
c) Explain the initial steps in the certification process of an organization.
3. a) How to build team in the context of quality management (QM).

b) Briefly describe change management issues in the Context of Quality.
c) How to make an interactive organization?

RE 3612
Course Title: Development Planning and Administration Submit by: December 31, 2021
Instructions for Assignment Submission

1. Answer all questions in your own handwriting on A4 size white paper.
2. Fill-in the cover page (see page#5 of Semester Calendar) of your assignment with
care.
3. Submit the assignment to the study centre coordinator or his delegate and ensure
his/her signature on your Assignment Acknowledgement Form (see page#5 of
Semester Calendar).
4. Don’t make spiral binding. Instead, make soft binding.
5. If your e-mail address is not yet added to our e-mail list, please send a mail with
your ID Number and Level to comnwlthmba.bou@gmail.com with subject “Add
Me”.
6. In the case of delayed submission, the school will not acknowledge the submission
of the assignment(s) and will not be responsible for any damage or loss of the
assignment(s).
1. Define the concept of development. Describe the nature of development

administration.
2. Do you feel the socio-cultural context of development administration has an

impact on governance? Illustrate with examples.
3. Elaborate the major features of development administration in the developed

nations. Suggest the ways that can bring improvements in developing countries
administration.
4. Explain the Edward W Weddner’s ideal model (Planned Directional Growth with
System Change) regarding development. What are the limitations of the model?
5. Bring out the problems and bottlenecks in the way of poverty eradication.
CEMBA/CEMPA 191/ZR SCOM 4613 Development Planning and Administration Page # 1

RE 3612
Course Title: Development Planning and Administration Submit by: January 07, 2022
1. Discuss the merits and demerits of the state and the market in economic activity.
2. What is multilevel planning? Briefly narrate the features of planning in the

context of multilevel planning approach.
3. Describe the areas of development planning in education in the countries of

South Asia.
4. Define and describe the concept of participation and participatory approaches.
5. Find out and discuss what kind of plans is taken by present government of
Bangladesh.

RE 3612
Course Title: Development Planning and Administration Submit by: January 14, 2022
1. Identify the important aspects of pectoral planning.

2. Explain with an example of Likert scaling process.
3. What way would you use scalogram if you were planning a township or a cluster of
urban settlements that were surrounded by rural spaces? Discuss with examples.
4. Define the concept of decentralized governance. Explain the need for decentralized
governance in Bangladesh.
5. Go through the case and answer the questions given below the case.
Wellstar Hospital, a leading super specialty hospital has over 50 centers, diagnostic
clinics, an extensive chain of Wellstar Pharmacies, medical PO as well as health
insurance services and clinical research divisions across seven states in India. Wellstar
Hospital was on the cutting edge of medical science but had a super problem. Its
performance appraisal system was rapidly becoming an insurmountable pile of papers;
and with over 2000 employees, the HR staff recognized that changes were needed.
Performance appraisal forms can range from a simple sheet of paper to very lengthy and
complex formats. WellStar’s performance appraisal system had evolved over the years
into a form with about 20 pages per employee. Although some of the length was due to
concerns about meeting numerous regulatory, state, and healthcare industry
requirements, other facets of the system had been developed for administrative reasons.
The existing performance appraisal system was based on a combination of job
descriptions and a graphic rating scale performance appraisal form. To complete an
appraisal on employees, supervisors and managers scored employee performance on
formal weighted criteria and then summarized the information These summaries were
reviewed by upper management for consistency. The overall performance appraisal
process was paper-intensive, slow, and frustrating because it required a many different
steps.
A steering committee was formed to oversee the process of changing to a better
performance appraisal system. The committee established that it was crucial for the new
system to better fit the needs of those using it. Also, the committee wanted the system to
use more technology and less paper. Based on these general objectives, brainstorming
was conducted to find bottlenecks and identify what the ideal automated process would
look like. At this point, the committee understood the current systems and what key
users wanted. After reviewing literature on performance appraisal systems, surveying
other hospitals, and looking at software packages, the committee decided it would have
to design its own system. The option chosen consisted of moving the numerical criteria
scores from the individual pages of the job description to a summary sheet that provided
for scoring up to six employees on one form. Then total scores were calculated by the
computer. Also, written comments were moved to a summary sheet dealing only with
exceptions to standards. The most difficult part proved to be the design of the database.
It had to be designed from scratch and had to interface with existing HR systems. A
software program was written to do the calculations using data already in place, and
another program was written to do the calculations. The new process reduced the
paperwork from 20 to 7 pages per employee. Supervisors and managers were given the
option of using computerized comment sheets. Another time-saver was the ability to use
the system to record and document noteworthy employee performance incidents, both
positive and negative in nature, as they occurred throughout the year. This
documentation feature eliminated the need for a separate note-keeping system that many
managers had been using.
To implement the new performance appraisal system, training for supervisors and
managers was crucial. When the training program was developed for the new system, all
97 supervisors and managers were required to attend. During the training, attendees
were given a sample package with appraisal forms, a user manual, and directions for
using the on-line performance appraisal forms. To determine if the original goals had
been met, the committee developed an evaluation form. After the new appraisal system
had been in use, an evaluation revealed that 90% of the supervisors and managers felt
that the process had indeed been streamlined. The new process was viewed as easier to
understand, a significant reduction in paper had occurred, arithmetic errors were
prevented, and the appraisal information was clearer and more concise.
The next year the committee reconvened to examine the first year of operation and
identify areas for improvement. Since then minor revisions have been made in the
performance appraisal system, updates on computer hardware and software were
undertaken, and data screens have been simplified for management users.
Recently Wellstar has been accredited by The Joint Commission International (JCI), a
U.S based accreditation body dedicated to improving health care quality and safety
around the world. The accreditation is an international gold standard for hospitals.
Health-care accreditation requirements necessitate using a competency management
program focusing on employee development and education.
Questions:
(a) Explain why the revised performance appraisal system at Wellstar Hospital is
more efficient.
(b) Do you think the performance appraisal system at Wellstar is aligned with its
corporate profile and appropriate for all levels of employees?
(c) Considering accreditation requirements which focus on employee development
and education, what are your suggestions for changes in the performance
appraisal format?

Assignment-1 ELEC 4616
RE 3612
Course: Electronic Commerce Submit by: December 31, 2021

care.
Semester Calendar).
Me”.
6. In the case of delayed submission, the School will not acknowledge the submission
assignment(s).
1. The e-commerce development in Bangladesh is relatively fast and a large number of

local e-commerce platforms have emerged. Some foreign cross-border e-commerce
platforms have also landed in Bangladesh such as Amazon, eBay and daraz.com. The
demand of domestic and foreign products for Bangladeshi customers and the demand of
Bangladeshi products for foreign customers are challenging that e-commerce needs to
solve. How can e-commerce platforms meet the customer demand?
2. Explain the current status, competitive strategy and business model of e-commerce
companies in Bangladesh. Is there any competitive barrier for new entrants in the view
of current competitive situation? In what ways it can be improved. Explain the
bargaining power of suppliers (platform merchants and logistics system, etc.) and
buyers (quantity, user groups, product standardization etc.).
3. Why are the Policy, Economic, Social, Environmental, Legal and Technical factors
important for e-commerce success in Bangladesh?
CEMBA/CEMPA 191/Dr. RH/CORE 4616 Electronic Commerce Page # 1

RE 3612
Course Title: Electronic Commerce Submit by: January 07, 2022
1. Bangladesh is a South Asian country marked by lush greenery and many waterways.
Bangladesh government wants to develop new markets for the country’s tropical
agricultural products. How can a Web presence help? What Internet business model
would be appropriate?
2. E-commerce needs a large number of high-quality talents. Does Bangladesh have

education system for cultivating cross-border e-commerce talents? Do you think local
technical personnel can support for cross-border e-commerce cooperation?
3. Bangladeshi’s underdeveloped transportation infrastructure, many vehicles, narrow

roads, and low road transport efficiency have led to poor logistics timeliness in the e-
commerce product distribution link and brought consumers a poor online shopping
experience. A high-quality logistics system is needed for the explosive growth of cross-
border e-commerce trade. What is the level of acceptance and how to solve it?

RE 3612
Course Title: Electronic Commerce Submit by: January 14, 2022
1. What is the current status, challenges and development trends of payment methods such
as cash on delivery, bank remittance and wire transfer, third-party online payment,
credit card, etc. in Bangladesh? Can the current tax declaration, customs clearance
model, the after-sales and return services of overseas shopping meet the demand?
2. Go through the case carefully and answer the questions that follow:
C-Town is a big chain of departmental stores doing business in seven countries with
134 owned stores and dealing with more than 24,000 consumer products. Each of the C-
Town stores is located at prime locations with at least 100,000 square –feet floor space.
Decision about the location is taken by considering communication, population,
economic condition, buying habits, competitors, flow of customers and so on of the
respective location. For many of its products, C-Town has expanded its business
through backward linkage. Besides, more than 150,000 suppliers are handled through
supply chain management.
Outsourcing, inventory management, supply chain management, payment and cash
collections, human resources management and accounting system of C-Town are fully
computerized. New recruits are trained up in-house during the first three months since
joining to make them familiar with computerized system of C-Town. Suppliers have the
access to the information of sales trend, sales forecast and inventory levels of C-Town.
Distribution and transportation of products among the chain stores, warehouses and
factories are controlled by specially –designed programs.
Considering the high overhead expenses of maintaining larger floor spaces in prime
locations, C-Town has introduced online-selling and observing growing online sales
during last three years. After conducting its own research studies, C-Town is planning
to expand its business in four developing countries including Bangladesh and initially
has planned to open two super-stores at Dhaka and one super-store at Chittagong.
Questions:
(a) Do you think that the venture of C-Town for doing business in Bangladesh will
be feasible? Give your arguments.
(b) What might be the challenges of implementing e-commerce in Bangladesh for
online business and for internal management of the C-Town?
(c) Develop a business plan for C-Town about the opportunities of implementing
e-commerce in Bangladesh for its online business and for internal management.

RE 3612
Course Title: Corporate Finance Submit by: December 31, 2021

1. Answer all questionsin your own handwriting on A4 size white paper.
care.
Semester Calendar).
Me”.
assignment(s).
1. (a)
What are the costs and benefits of the three major business organisational forms?
Comment on the following statement “Sooner or later, all successful private
companies that are organised as proprietorships or partnerships must be
corporations.”
(b)
Discuss how the market efficiency level can be enhanced with the presence of a
secondary market (for example, stock exchange market). Discuss how the stock
price fluctuations in the secondary market matter to the manager of a company.
2. (a) A firm has actual sales of Tk. 65,000 in April and Tk. 60,000 in May. It expects
sales of Tk.70,000 in June and Tk. 100,000 in July and in August. Assuming that
sales are the only source of cash inflows and that half of them are for cash and the
remainder are collected evenly over the following 2 months, what are the firms
expected cash receipts for June, July and August?
(b) Discuss why leasing is becoming a popular financing option for companies.
(c) RahimaAfroz is considering borrowing money at 12% and purchasing a machine
that cost 35, 00,000. The machine will be depreciated over 7 years by the straight-
line method and will be worthless in 7 years. RahimaAfroz can lease the machine
with the year-end payments of Tk. 6, 20, 000. The corporate tax rate is 42%.
Should RahimaAfroz buy or lease?
CEMBA/CEMPA 191/Dr. AM/ELEC 4617 Corporate Finance Page # 1

RE 3612
Course Title: Corporate Finance Submit by: January 07, 2022
1. (a) Define call option and put option. Under what circumstances you might want to
buy each one of them? Which one has greater potential profit? Explain.
(b) New cab Company has a bond outstanding with a Tk. 1500 par value and
convertible at Tk.30 per share. What is the bonds conversion ratio? If the
underlying stock currently trades at Tk.25 per share, what is the bond’s conversion
value? Would it be advisable for a bondholder to exercise the conversion option?
(c) Assuming that the current market stock price of XYZ Company is at TK.50 per
share. Call options with an exercise price of TK.35 are selling for TK.10. Discuss
what’s wrong here.
2. (a) Explain exchange risk and political risk in the context of international companies.
(b) What are the important international trading blocs? What is the European Union
(EU) and what is its single unit of currency? Which country is about to exit EU?
Explain the reasons.
(c) Marks-Write Pen Company has an outstanding issue of convertible bonds with a
. TK.1,000 par value. These are convertible into 50 shares of common stock. They
have a 10 per cent coupon and a 10-year maturity. The interest rate on a straight
bond of similar risk is eight per cent.
a. Calculate the straight bond value of the bond.
b. Calculate the conversion value of the bond when the market price of
the stock is TK.30/share.
c. What is the least you would expect the bond to sell for at a market price
of common stock of TK.18/share?

RE 3612
Course Title: Corporate Finance Submit by: January 14, 2022
1. (a) Discuss the main sources of value generated in most mergers and acquisitions. Are
all of them in the interest of society as a whole? Explain.
(b) Discuss the main sources of value generated in most mergers and acquisitions. Are
all of them in the interest of society as a whole? Discuss.
(c) Suppose a financial manager buys call options on 50,000 barrels of oil with an
exercise price of TK.40 per barrel. She simultaneously sells a put option on 50,000
barrels of oil with the same exercise price. Consider her gains and losses if oil prices
are TK.35, TK.37, TK.40, TK.43, and TK.45. What do you notice about the payoff
profile?
2. (a) If China had an inflation rate of 6 per cent while the United States had an inflation
rate of 3.5 per cent, the exchange rate was 7.45 yuan per U.S. dollar. How would
you have expected the exchange rate to change in that particular year?
(b) If a Canadian investor in the domestic stock market experiences a negative rate of
return, is it possible for a Singapore investor with the same investment to experience
a positive rate of return? Discuss.

Assignment # 1 ELEC 4618

Course Title: Managerial Economics Submit by: December 31, 2021

care.
Semester Calendar).
5. If your e-mail address is not yet added to our e-mail list, please send a mail with your
ID Number and Level to comnwlthmba.bou@gmail.com with subject “Add Me”.
assignment(s).
1. What do you mean by managerial economics?

2. Suppose that you are a manager of a newly established mobile phone company. Why do you need
to study Managerial Economics? Your answers should be brief and aligned with your company
objectives.
3. Suppose that you have the following inverse demand function: P=10-Q.
a) How do you calculate total and marginal revenue functions?
b) Following your CEMBA book, prepare a complete list of potential total revenue, marginal
revenue, and elasticity. You can use a Table as well.
c) You need to show different elastic sections of the demand curve.
d) Comment on the following statement:
The marginal revenue equation has the same vertical intercept as the demand equation but a
slope (–2) that is double the slope of the demand curve (–1).
4. Suppose that an income increases changes the above demand function to P=20-Q.
a) Similar to question 3(b), prepare a complete list of potential total revenue, marginal revenue,
and elasticity.
b) Using the information in question 3, draw the marginal and average revenue functions in one
panel and the marginal revenue function on another panel as discussed in the book.
5. If you set an inverse demand function p = 100 – 5Q
a) At which point the elasticity of demand is one?
b) What will be the effect on revenue if you change the price by 1% at this point? Explain.
6. Suppose a demand function is represented by Q = 100 – 10P.
a) What is the price elasticity of demand at the point where the price is $4? What is the price
elasticity at the point where the price is $5?
b) What is the arc elasticity between these two points?
c) Why do you use arc elasticity over the conventional price elasticity?
CEMBA/CEMPA 191/Dr. ARF/ELEC 4618 Managerial Economics Page # 1


Programme :Commonwealth Executive MBA/MPA
Course Title: Managerial Economics Submit by: January 07, 2022
1. What do you mean by production function? Distinguish between short-run production

function and long-run production function.
2. Suppose that you are a manager of BCBD Techno and have the following cost function:
TC (Q) = 500 + 50Q – 10Q2 + 25Q3.
Find the average cost and the marginal cost functions. At which level of output will the
marginal cost be minimum?
Find the average total cost and the marginal cost at this level of output.
3. Show the relationship between the average cost and marginal cost from the above cost
function.
4. Explain different forms of market structures and their underlying assumptions.
5. Read the following passage and answer the questions those follow:
At the start of 2010, the UK was hit by freezing weather, including snow and ice. As a
result, there was a major increase in demand for salt to put on the roads to make them
safer. However, the supply of salt in the UK comes mainly from three salt mines; one in
Cheshire, one in Cleveland, and one in County Antrim. The shortage was so significant
that at one point, the government ordered councils to use less grit on the roads and
stopped gritting the hard shoulder of the motorways. Problems in the past meant councils
had been instructed to hold a few days worth of stock of salt but this was not enough to
make the roads safe in the coldest period since 1963.
Questions:
(a) Sketch a supply curve that represents the supply of salt in the short run.
Explain your diagram.
(b) Why do councils keep stocks of salt?
(c) Add to your first diagram a long-run supply curve for salt; explain your
diagram.
6. What do you mean by isoquant? Why could the isoquant be kinked-shaped?


Programme :Commonwealth Executive MBA/MPA
Course Title: Managerial Economics Submit by: January 14, 2022
1. What is markup? Why does the manager mark-up frequently use in the pricing strategy?
Briefly explain.
2. Show the relationship between the AVC and price elasticity. Explain how the percentage
of mark-up varies with the price elasticity of demand
3. What do you mean by price discrimination? How do you distinguish the perfect price
discrimination and block discrimination? Briefly describe with an example.
4. Suppose that you are a manager of the internet marketing section in the Grameen Phone.
What types of price discrimination do you suggest to make company profits?
5. Discuss the basic principles of game theory. Explain the concept of Prisoner’s Dilemma.
6. Suppose the inverse demand function for a monopolist’s product is given by P = 60 – Q

and the cost function is given by TC (Q) = 20 + 2Q. Then, determine the profit-
maximizing price and quantity and the maximum profits.
7. Why does a monopoly firm have a downward demand curve? How does the marginal
revenue look like compared to the demand curve?

SCOM 4611 Quality Assurance Management Assignments

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Assignment-1 SCOM 4611

Bangladesh Open University

Instructions for the Submission of Assignments

1. a) Briefly describe the basic approaches of Quality Management (QM).

CEMBA/CEMPA 191/Dr. NI/SCOM 4611Quality Assurance Management Page # 1

Bangladesh Open University

1. a) Explain the tools used for quality planning.

CEMBA/CEMPA 191/Dr. NI/SCOM 4611Quality Assurance Management Page # 2

Bangladesh Open University

1. a) What do you mean by house of quality? Explain four pillars identified in HR

2. a) Describe the Deming P-D-C-A cycle and apply it to QM situations.

3. a) How to build team in the context of quality management (QM).

CEMBA/CEMPA 191/Dr. NI/SCOM 4611Quality Assurance Management Page # 3

Instructions for Assignment Submission

1. Define the concept of development. Describe the nature of development

2. Do you feel the socio-cultural context of development administration has an

3. Elaborate the major features of development administration in the developed

CEMBA/CEMPA 191/ZR SCOM 4613 Development Planning and Administration Page # 1

2. What is multilevel planning? Briefly narrate the features of planning in the

3. Describe the areas of development planning in education in the countries of

4. Define and describe the concept of participation and participatory approaches.

CEMBA/CEMPA 191/ZR SCOM 4613 Development Planning and Administration Page # 2

1. Identify the important aspects of pectoral planning.

CEMBA/CEMPA 191/ZR SCOM 4613 Development Planning and Administration Page # 4

Course: Electronic Commerce Submit by: December 31, 2021

Instructions for Assignment Submission

1. The e-commerce development in Bangladesh is relatively fast and a large number of

CEMBA/CEMPA 191/Dr. RH/CORE 4616 Electronic Commerce Page # 1

2. E-commerce needs a large number of high-quality talents. Does Bangladesh have

3. Bangladeshi’s underdeveloped transportation infrastructure, many vehicles, narrow

CEMBA/CEMPA 191/Dr. RH/CORE 4616 Electronic Commerce Page # 2

Course Title: Electronic Commerce Submit by: January 14, 2022

CEMBA/CEMPA 191/Dr. RH/CORE 4616 Electronic Commerce Page # 3

Course Title: Corporate Finance Submit by: December 31, 2021

Instructions for Assignment Submission

CEMBA/CEMPA 191/Dr. AM/ELEC 4617 Corporate Finance Page # 1

Course Title: Corporate Finance Submit by: January 07, 2022

CEMBA/CEMPA 191/Dr. AM/ELEC 4617 Corporate Finance Page # 2

CEMBA/CEMPA 191/Dr. AM/ELEC 4617 Corporate Finance Page # 3

Bangladesh Open University

Course Title: Managerial Economics Submit by: December 31, 2021

Instructions for Assignment Submission

1. What do you mean by managerial economics?

CEMBA/CEMPA 191/Dr. ARF/ELEC 4618 Managerial Economics Page # 1

Bangladesh Open University

1. What do you mean by production function? Distinguish between short-run production

CEMBA/CEMPA 191/Dr. ARF/ELEC 4618 Managerial Economics Page # 2

Bangladesh Open University

Course Title: Managerial Economics Submit by: January 14, 2022

6. Suppose the inverse demand function for a monopolist’s product is given by P = 60 – Q

CEMBA/CEMPA 191/Dr. ARF/ELEC 4618 Managerial Economics Page # 3

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