Assignment No.

Programme Name : MBA Semester: I Credit: 4

Course Title :Managerial Economics Course Code: 22ODMBT615

Submitted Date: 2022 Last date of Submission:

Max. Marks: 30 Weightage: 15 Marks

Instructions:
 Sec-A is compulsory which consists of Ten Short Answer Questions (1 mark per question).
Answer length should be approximately 100 words.
 Attempt any Five questions from Sec-B out of Seven questions (4 marks per question). Answer
length should be approximately 800 words.

Section –A(10 Marks)

1. What is meant by opportunity cost principle?

2. Explain the point of elasticity method.
3. Draw a indifference curve.
4. Write a note on the law of increasing returns.
5. What is an iso-quant-curve?
6. Indicate the main features of the LAC curve.
7. What do you mean by the term “market” in economics?
8. Define National Income.
9. Define the term 'Macro Economics'. .
10. What is propensity to consume?
 Section –B(20 Marks)

1. Explain increase and decrease in demand.

2. Describe in detail the various methods of measuring elasticity of demand.
3. State and explain the law of diminishing marginal utility.
4. State and explain the law of equi-marginal utility.
5. Briefly explain ordinal measurement of utility.
6. Enlighten Law of Variable Proportion in Detail
7. Explain the geometrical relationship between the linear AR and MR curves.