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MB0042- MANAGERIAL ECONOMICS

ASSIGNMENT

DRIVE: SUMMER 2014

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.Define the term Business Cycle and also explain the phases of business or trade cycle in brief.

Definition of Business cycle

Explanation of Phases of business cycle

 

2.Monopoly is the situation there exists a single control over the market producing a commodity having no substitutes with no possibilities for anyone to enter the industry to compete. In that situation, they will not charge a uniform price for all the customers in the market and also the pricing policy followed in that situation.

Define Monopoly

Features of Monopoly

Kinds of Price Discrimination

 

3.Fiscal policy is a package of economic measures of the government regarding public expenditure, public revenue, public debt or borrowings. It is very important since it refers to the budgetary policy of the government. Explain the fiscal policy and its instruments in detail.

Definition of Fiscal policy

Explanation of Instruments of Fiscal Policy

 

4.Explain the various methods of forecasting demand.

Define forecasting

Explanation of forecasting methods

 

5.Define monopolistic competition and explain its characteristics.

Definition of monopolistic competition

Explanation of its characteristics

 

6.When should a firm in perfectly competitive market shut down its operation

Define perfect competition

Explanation about the reason for the firm’s shut down in perfect competition

 

 

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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