MB 042

Topics: Monopoly, Perfect competition, Economics Pages: 2 (249 words) Published: November 16, 2014
ASSIGNMENT QUESTION PAPER
DRIVE
PROGRAM
SEMESTER

FALL 2014
MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2
1

SUBJECT CODE & NAME
BK ID
CREDIT & MARKS

MB0042- MANAGERIAL ECONOMICS
B1625
4 Credits, 60 marks

Q.No
1

Questions

Marks

Total Marks

Inflation is a global Phenomenon which is associated with high price causes decline in the value for money. It exists when the amount of money in the country is in excess of the physical volume of goods and services. Explain the reasons for this monetary phenomenon.

Define Inflation
Causes for Inflation

2
8

10

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

2
4
4

10

3

Define monopolistic competition and explain its characteristics. Definition of monopolistic competition
Explanation of its characteristics
4

10

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

5

2
8

2
8

10

Discuss the practical application of Price elasticity and Income elasticity of demand.
Practical application of price elasticity
Practical application of Income elasticity

5
5

10

6

Discuss the scope of managerial economics.
Definition of Managerial Economics
Scope of Managerial Economics

2
8

10

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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