Get fully solved assignment, plz drop a mail with
your sub code
computeroperator4@gmail.com
Charges rs 125/subject and rs 700/semester only.
if urgent
then call us on 08791490301, 08273413412
DRIVE Fall
2014
PROGRAM-
MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
SEMESTER-
1
SUBJECT
CODE & NAME- MB0042- MANAGERIAL ECONOMICS
BK ID-
B1625
Q1.
Inflation is a global Phenomenon which is associated with high price causes
decline in the value for money. It exists when the amount of money in the
country is in excess of the physical volume of goods and services. Explain the
reasons for this monetary phenomenon. (Define Inflation, Causes for Inflation)
2, 8
Answer: Inflation is defined as a
sustained increase in the general level of prices for goods and services. It is
measured as an annual percentage increase. As inflation rises, every dollar you
own buys a smaller percentage of a good or service.
Q2.
Monopoly is the situation there exists a single control over the market
producing a commodity having no substitutes with no possibilities for anyone to
enter the industry to compete. In that situation, they will not charge a uniform
price for all the customers in the market and also the pricing policy followed
in that situation. (Define Monopoly, Features of Monopoly, Kinds of Price
Discrimination) 2, 4, 4
Answer:
Monopoly
Monopoly means
existence of a single seller in the market. Monopoly is that market form in
which a single producer controls the whole supply of a single commodity which
has no close substitutes. Monopoly may be defined, as a condition of
production in which a single firm has the power to fix the price of the
commodity or the output of the commodity.
Q3.
Define monopolistic competition and explain its characteristics.
[Definition
of monopolistic competition, Explanation of its characteristics]
Answer:
Monopolistic
Competition
Perfect competition
and monopoly are two extreme forms of market situations, rarely to be found in
the real world. Generally, markets are imperfect.
Prof. Chamberlin is
the main architect of the theory of Monopolistic Competition. This market
exhibits the characteristics of both perfect competition and monopoly. Since
modern markets are combined and integrated with
Q4.
When should a firm in perfectly competitive market shut down its operation?
[Define
perfect competition, Explanation about the reason for the firm’s shut down in
perfect competition]
Answer:
Perfect Competition
Perfect competition is
a comprehensive term which includes pure competition too. Before we discuss the
details of perfect competition, it is necessary to have a clear idea regarding
the nature and characteristics of pure competition.
Pure Competition is a part of perfect
competition. Competition in the market is said to be pure when the following
Q5.
Discuss the practical application of Price elasticity and Income elasticity of
demand. (Practical application of price elasticity, Practical application of
Income elasticity) 5, 5
Answer:
Practical application
of price elasticity of demand
Few examples on the
practical application of price elasticity of demand are as follows:
1. Production planning – It helps a
producer to decide about the volume of production. If the demand for his
products is inelastic, specific quantities can be produced while he has to
produce different quantities, if the demand is elastic.
Q6.
Discuss the scope of managerial economics. (Definition of Managerial Economics,
Scope of Managerial Economics) 2, 8
Answer:
Managerial Economics
Managerial economics
is a science that deals with the application of various economic theories, principles,
concepts and techniques to business management in order to solve business and
management problems. It deals with the practical application of economic theory
and methodology in decision-making problems faced by private,
Get fully solved assignment, plz drop a mail with
your sub code
computeroperator4@gmail.com
Charges rs 125/subject and rs 700/semester only.
if urgent
then call us on 08791490301, 08273413412
No comments:
Post a Comment