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NMIMS University for December 2020 batch.
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NMIMS Global Access
School for Continuing
Education (NGA-SCE)
Course: Business Economics
Internal Assignment
Applicable for December 2020 Examination
1.
Rohan is appointed an
economics’professor in a reputed university. In his first lecture,
students asked him to elaborate on Gross Domestic Product
(GDP) and Gross National Product(GNP). Help Rohan to prepare his first lecture
on the given topic with relevant
example and highlight the differences between the two concepts. (10 Marks)
2.
Suppose the demand equation for
computers by Teetan Ltd for the year 2017 is given by Qd= 1200-P and the supply
equation is given by Qs= 120+3P. Find equilibrium price and analyse what would
be the excess demand or supply if price changes to Rs
400 and Rs 120. (10 Marks)
3.a. A business
firms sells a good at the price of Rs 450.The firm has decided to reduce the
price of good to Rs 350.Consequently, the quantity demanded for the good rose
from
25,000 units to 35,000 units.
Calculate the price elasticity of demand. (5 Marks)
3.b. “There is a
high cross elasticity of demand between new and old cars”. Discuss the
statement by explaining the features of cross elasticity of demand. Also
compare and
contrast cross elasticity with other
types of elasticities of demand. (5 Marks)
Dear students, get fully solved assignments of
NMIMS University for December 2020 batch.
Do send your query at:
Call us at: 08263069601
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