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NMIMS Global Access
School for Continuing
Education (NGA-SCE)
Course: Business Economics
Internal Assignment
Applicable for December 2022 Examination
Assignment Marks: 30
Instructions:
All Questions carry equal marks. All Questions are
compulsory
All answers to be explained in not more than 1000 words for question 1
and 2 and for question 3 in not more than 500 words for each subsection. Use
relevant examples, illustrations as far as possible.
All answers to be written individually. Discussion and group work is
not advisable.
Students are free to refer
to any books/reference material/website/internet for attempting their
assignments, but are not allowed to copy the matter as it is from the source of
reference.
Students should write the assignment in their own words. Copying of
assignments from other students is not allowed.
Students should follow the following parameter for answering the
assignment questions.
For Theoretical Answer
|
Assessment Parameter |
Weightage |
|
Introduction |
20% |
|
Concepts
and Application |
60% |
|
related to the question |
|
|
Conclusion |
20% |
|
|
|
For Numerical Answer
|
Assessment Parameter |
Weightage |
|
Understanding
and usage |
20% |
|
of the formula |
|
|
Procedure /
Steps |
60% |
|
|
|
|
Correct
Answer & |
20% |
|
Interpretation |
|
1. Demand forecasting
in an organisations
plays a vital
role in business
organisations.
It provides reasonable
data for the organization's capital investment and expansion decision. Keeping the above statement in consideration. Discuss the
various steps involved in demand
forecasting (10 Marks)
Dear students, get
fully solved assignments by professionals
Do send your query at :
or call us at :08263069601
NMIMS Global Access
School for Continuing
Education (NGA-SCE)
Course: Business Economics
Internal Assignment
Applicable for December 2022 Examination
2.
From the given hypnotical table
Calculate Total Cost, Average
Fixed Cost, Average
|
Variable cost and Marginal Cost. |
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(10 Marks) |
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Quantity |
Total |
Total |
Total |
Average |
Average |
Average |
Marginal |
|
|
|
|
Fixed |
Variable |
Cost |
Fixed |
Variable |
Total |
Cost |
|
|
|
|
Cost |
Cost |
|
Cost |
Cost |
Cost |
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0 |
100 |
0 |
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1 |
100 |
20 |
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2 |
100 |
30 |
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3 |
100 |
40 |
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4 |
100 |
50 |
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5 |
100 |
60 |
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3.
a. Suppose
the monthly income of an individual increases from Rs 20,000 to Rs 25,000
which
increases his demand for clothes from 40 units to 60 units. Calculate the
income
elasticity of demand. (5 Marks)
3. b. Assume that a business firm
sells a product at the price of Rs 500. The firm has decided to
reduce
the price of the product to Rs 400. Consequently, the demand for the product is
raised
from 20,000 units to 25,000 units. Calculate the
price elasticity of demand. (5 Marks)
Dear students, get fully solved
assignments by professionals
Do send your query at :
or call us at :08263069601
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