MBA - MB0042 Assignment Feb 2012

MBA - MB0042 1st Semester Assignment, Spring / Feb 2012

MB0042 – Managerial Economics

Assignment Set- 1

1. Define Managerial Economics and explain its main characteristics.


2. State and explain the law of demand.

3. What is Demand Forecasting? Explain in brief various methods of forecasting demand.

4. Define the term equilibrium. Explain the changes in market equilibrium and effects of shifts in supply and demand.

5. Explain features of LAC curve with a diagram.

6. Explain cost output relationship with reference to
   a. Total fixed cost and output
   b. Total variable cost and output
   c. .Total cost and output

Assignment Set- 2

1. Explain the relationship between revenue concepts and price elasticity of demand.

2. Explain the emergence of Consumers’ surplus with their practical application.

3. What is Monetary policy? Explain the general objectives of monetary policy.

4. What is a business cycle ? Describe the different phases of a business cycle.

5. What is inflation? Explain the causes of inflation.

6. Write short notes on the following:
   a. Monopoly
   b. Oligopoly