smu assignment spring 2016

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ASSIGNMENT
DRIVE SPRING 2016
PROGRAM Master of Business Administration- MBA
SEMESTER 1
SUBJECT CODE & NAME MB0042- MANAGERIAL ECONOMICS
BK ID B1625
CREDIT & MARKS 4 Credits, 60 marks
Q.No Questions Marks Total Marks
1
Define Elasticity of Supply? Explain the factors determining Elasticity of Supply?
Definition Elasticity of Supply 3
Factors determining Elasticity of Supply 7 10
2 What is Perfect Competition and also mention the features of Perfect Competition? Explain
the different characteristics of Monopolistic Competition?
Definition of Perfect Competition and its Features 6 10
Characteristics of Monopolistic Competition 4
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.
kinds of cost concepts like TFC, TVC, TC, AFC,
AVC, AC and MC and its corresponding curves
7
suitable diagrams 3 10
4 Write short notes on:
a) Consumption Function
b) Investment Function
Define Consumption Function 5
Define Investment Function 5 10
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5
Define Monetary Policy and Fiscal Policy? Write down any four objectives of both Monetary
and Fiscal Policy?
Definition Monetary and Fiscal Policy 3
4 each objectives of Monetary and Fiscal policy 7 10
6.
Define business cycle and some of the causes of business cycles? Discuss the various objectives
of Pricing Policies?
Definition and causes of business cycles 5
Objectives of Pricing Policies 5 10
Note – Answer all questions. Kindly note that answers for 10 marks questions should be approximately
of 400 words. Each question is followed by evaluation scheme.
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