Supply and Demand
ME Assignments, TERM-1 ➢ LAST DATE OF SUBMISSION- 20.09.12
Roll no. Questions 12DM001 1.If the market demand curve is given by QD=15-8P and the market supply curve QS=2P,find the equilibrium price & quantity graphically & mathematically. 2.Suppose the technology to manufacture computers improves but due to some recession in the economy ,the income of the consumer falls. Assuming computers to be normal good, what will be the equilibrium price & quantity for computers in this case? 002 1. Managerial economics helps in decision making in the framework of uncertainty & scarcity of resources. Discuss the statement & elaborate with an example. 2.Identify an industry of your choices & select a company within that industry; compare the performance of that company with that of the industry over the past five years. Then explain the relationship between micro & macro economics. You may also include performance of economy to further extend the analysis. 003 1.Segregation of ownership from management works against the objective of profit maximization .Do u agree with this statement? Why? Or why not? 2.On a critical note which one among the theories on objectives of a firm do u think is the most relevant in present business scenario in India? 004 1.You have been recently promoted as general manager sales of a multinational company producing various consumer goods.As part of ur responsibilities u have been given a target of increasing market share.But the board of directors wants high profits.Whereas looking at competition u know that price reduction is necessary to increase demand .What will u do? 2.Define demand & describe its determinants with suitable examples. 005 1.What are the factors that cause the demand curve to shift?Illustrate graphically. 2.Suppose there is a sudden increase in
Roll no. Questions 12DM001 1.If the market demand curve is given by QD=15-8P and the market supply curve QS=2P,find the equilibrium price & quantity graphically & mathematically. 2.Suppose the technology to manufacture computers improves but due to some recession in the economy ,the income of the consumer falls. Assuming computers to be normal good, what will be the equilibrium price & quantity for computers in this case? 002 1. Managerial economics helps in decision making in the framework of uncertainty & scarcity of resources. Discuss the statement & elaborate with an example. 2.Identify an industry of your choices & select a company within that industry; compare the performance of that company with that of the industry over the past five years. Then explain the relationship between micro & macro economics. You may also include performance of economy to further extend the analysis. 003 1.Segregation of ownership from management works against the objective of profit maximization .Do u agree with this statement? Why? Or why not? 2.On a critical note which one among the theories on objectives of a firm do u think is the most relevant in present business scenario in India? 004 1.You have been recently promoted as general manager sales of a multinational company producing various consumer goods.As part of ur responsibilities u have been given a target of increasing market share.But the board of directors wants high profits.Whereas looking at competition u know that price reduction is necessary to increase demand .What will u do? 2.Define demand & describe its determinants with suitable examples. 005 1.What are the factors that cause the demand curve to shift?Illustrate graphically. 2.Suppose there is a sudden increase in