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MB0042- MANAGERIAL ECONOMICS (Code: mb0042assignment)

MB0042- MANAGERIAL ECONOMICS
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MB0042- MANAGERIAL ECONOMICS MB0042- MANAGERIAL ECONOMICS MB0042- MANAGERIAL ECONOMICS

ASSIGNMENT QUESTION PAPER
DRIVE SPRING 2015
PROGRAM MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2
SEMESTER 1
SUBJECT CODE & NAME MB0042- MANAGERIAL ECONOMICS
BK ID B1625
CREDIT & MARKS 4 Credits, 60 marks
Q.No Questions Marks Total Marks

1 What is production function and its uses? Explain the two types of production functions.

2 Consumers' interview method is a survey method used for estimating the demand for new
products. This method is very important with regard to collect the relevant information
directly from the consumers with regard to their future purchase plans. Opinion surveys
and direct interview method are the two important techniques among all. Describe these
two methods in detail.

3 A cost-schedule is a statement of variations in costs resulting from variations in the levels of Output and it shows the response of costs to changes in output. If we represent the
relationship between changes in the level of output and costs of production, we get different
types of cost curves in the short run. Define the kinds of cost concepts like TFC, TVC, TC,
AFC, AVC, AC and MC and its corresponding curves with suitable diagrams for each.

4 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.

5. Discuss the practical application of Price elasticity and Income elasticity
of demand.

6. Define revenue. Explain the types of revenue and the relationship between TR, AR and MR with an example of a hypothetical revenue schedule.

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