NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Business Economics
Internal Assignment Applicable for April 2022 Examination

Assignment Marks: 30

Instructions:

 All Questions carry equal marks.

 All Questions are compulsory
 All answers to be explained in not more than 1000 words for question 1 and 2 and for
question 3 in not more than 500 words for each subsection. Use relevant examples,
illustrations as far as possible.
 All answers to be written individually. Discussion and group work is not advisable.
 Students are free to refer to any books/reference material/website/internet for attempting
their assignments, but are not allowed to copy the matter as it is from the source of
reference.

 Students should write the assignment in their own words. Copying of assignments from
other students is not allowed.

 Students should follow the following parameter for answering the assignment questions.

For Theoretical Answer For Numerical Answer

Assessment Parameter Weightage Assessment Parameter Weightage
Introduction 20% Understanding and usage 20%
Concepts and Application 60% of the formula
related to the question Procedure / Steps 50%
Conclusion 20% Correct Answer & 30%
Interpretation

1. Mr. Shyam have been appointed as a Business economics faculty in a reputed B School.
Students are inquisitive to know how this subject would help them in decision making to
any organization. Help Mr Shayam to highlight and elaborate on student’s query.
(10 Marks)
 NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Business Economics
Internal Assignment Applicable for April 2022 Examination

2. Complete the hypothetical table below and explain in brief the law of variable
proportions. (10 Marks)

Quantity Total Average Marginal

Product Product product
1 10
2 30
3 48
4 56
5 56
6 52

3.a. Large-scale production is considered economical in the sense of per unit cost. Explain
the statement by describing different types of economies of scale. Give examples to
substantiate your answer (5 Marks)

3.b. Highlight the difference between shift and the movement in the demand curve
(5 Marks)

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