Dear students, get latest JNU MBA Solved assignments by
professionals.
Mail us at: help.mbaassignments@gmail.com
Call us at: 08263069601
JAIPUR NATIONAL UNIVERSITY, JAIPUR
School of Distance Education & Learning
Internal Assignment No. 1
Master of Business Administration / DM
Paper Code: MBA–
208
Paper Title: Managerial Economics
Q 1. Answer all the questions:
(i) Distinguish
between perfectly elastic demand and perfectly inelastic demand.
Ans: Perfectly Inelastic Demand: When demand is perfectly
inelastic, quantity demanded for a good does not change in
(ii) Define
marginal revenue.
Ans Marginal
revenue definition : Marginal revenue is the additional income generated from the sale of one
more unit of a good or
(iii) What is
opportunity cost?
Ans : Opportunity
cost: Opportunity
cost refers to what you have to give up to buy what you want in terms of other
(iv) What is
product differentiation?
Ans Definition: Product differentiation is a
process used by businesses to distinguish a product or service from other
similar ones available in
(v) What do
you understand by disposable income?
Ans: Definition Disposable
income:
Disposable income, sometimes called disposable personal income (DPI), is the
total
Q. 2. What is elasticity of demand? Explain different
types & degrees of elasticity of demand.
Ans Meaning of
Elasticity of Demand: Demand extends or contracts respectively with a fall or rise in price.
This quality of demand by virtue of which it changes (increases or decreases)
when price changes (decreases or increases)
Q. 4. Define
national income. Discuss the methods measuring National Income with suitable
example.
Ans: Definition: According to Marshall: “The
labour and capital of a country acting on its natural resources produce
annually a certain net aggregate of commodities, material and immaterial
including services of all kinds. This is the true net
Dear students, get latest JNU MBA Solved assignments by professionals.
Mail us at: help.mbaassignments@gmail.com
Call us at: 08263069601
JAIPUR NATIONAL UNIVERSITY, JAIPUR
School of Distance Education & Learning
Internal Assignment No. 2
Master of Business Administration / DM
Paper Code: MBA–
208
Paper Title: Managerial Economics
Q. 1. Answer all
the questions:
(i) “Two
indifference curves cannot touch or intersect each other”. Explain why?
Answer: The indifference
curves cannot intersect each other. The reason is explained in this paragraph.
It is because at the point of
tangency, the
(ii) What is
elasticity of substitution?
Answer: Definition: Responsiveness of the buyers
of a good or service to the price changes in its substitutes. It is measured as
the ratio of
(iii) Explain
any one good effect of Monopoly.
Answer: Monopolies are
generally considered to have several disadvantages (higher price, fewer
incentives to be efficient e.t.c). However,
(iv) What is
homogeneity of product?
Answer : Definition of
homogeneity of product: A homogeneous product is one that
cannot be distinguished from competing products from
(v) Name the
stages of business cycle.
Answer : Definition
Business cycle: The term “business cycle” (or economic cycle or boom-bust cycle) refers
to economy-wide fluctuations in production, trade, and general economic
activity. From a conceptual perspective, the business cycle is
Q. 2. Explain
the law of diminishing marginal utility. What is its importance?
Definition: The Law Of Diminishing
Marginal Utility states that, all else equal, as consumption increases, the
marginal utility derived from each additional unit declines. Marginal utility
is derived as the change in utility as an additional unit
Q. 3. Explain
different determinants of demand.
Answer: Demand drives economic growth.
Businesses want to increase demand so they can improve profits. Governments and
Dear students, get latest JNU MBA Solved assignments by
professionals.
Mail us at: help.mbaassignments@gmail.com
Call us at: 08263069601
No comments:
Post a Comment
Note: only a member of this blog may post a comment.