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Economics For Managers Assignment

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Economics For Managers Assignment
Economics for Managers Assignment

Assignments
Program: MBA (2 Years) Sem-1
Subject Name
Permanent Enrollment Number (PEN)
Roll Number (SEN)
Student Name

Managerial Economics

INSTRUCTIONS
a) Students are required to submit all three assignment sets
ASSIGNMENT

DETAILS

MARKS

Assignment A

Five Subjective Questions

10

Assignment B

Three Subjective Questions + Case Study

10

Assignment C

40 Objective Questions

10

b) Total weightage given to these assignments is 30%. OR 30 Marks c) All assignments are to be completed as typed in word/pdf.
c) All questions are required to be attempted.
d) All the three assignments are to be completed by due dates (specified from time to time) and need to be submitted for evaluation by Amity University.

( √ ) Tick mark in front of the assignments submitted
Assignment ‘A’

Copyright@Amity University

Assignment ‘B’

Assignment ‘C’

Page 2

Economics for Managers Assignment
Assignment: A
Q.1. What are indifference curves? Explain the consumers’ equilibrium under the assumptions of ordinal approach.
Q.2. Examine the concept and relationship of Total, Average and marginal costs with the help of suitable diagram.
Q.3. Differentiate and elaborate the concepts of returns to scale and law of variable proportions.
Q.4. Why is demand forecasting essential? What are the possible consequences if a large scale firm places its product in the market without having estimated the demand for its product?
Q.5. Discuss the various steps involved in a managerial decision making process. Explain, in detail, any two group decision making techniques.

Assignment: B
Q.1. Why a firm is price taker and not a price maker under perfect market conditions?
Q.2. Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appraise the Baumol’s sales revenue maximization theory as an alternative objective of the firm.
Q.3. Distinguish between skimming price and

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