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SMU MBA Sem 1 Fall 2016 Assignments

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This document provides details for an assignment for a Managerial Economics course. It includes 3 questions worth a total of 30 marks. Question 1 (10 marks) asks students to define elasticity of supply and explain the factors that determine elasticity of supply. Question 2 (10 marks) asks students to define perfect competition and its features, and explain the characteristics of monopolistic competition. Question 3 (10 marks) asks students to define different cost concepts like total fixed cost, total variable cost, total cost, average fixed cost, average variable cost, average cost, and marginal cost, and draw corresponding cost curves for each.

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ASSIGNMENT DRIVE FALL 2016 PROGRAM Master of Business Administration- MBA SEMESTER Semester 1 SUBJECT CODE & NAME MBA105 - MANAGERIAL ECONOMICS BK ID B1625 CREDIT & MARKS 4 Credits, 30 marks 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. Q.No Questions Marks Total Marks 1 Define Elasticity of Supply? Explain the factors determining Elasticity of Supply? Definition Elasticity of Supply 3 Factors determining Elasticity of Supply 7 10 2 What is Perfect Competition and also mention the features of Perfect Competition? Explain the different characteristics of Monopolistic Competition? Definition of Perfect Competition and its Features 6 Characteristics of Monopolistic Competition 4 3 A cost-schedule is a statement of variations in costs resulting from variations in the levels of Output and it shows the response of costs to changes in output. If we represent the relationship between changes in the level of output and costs of production, we get different Types of cost curves in the short run. Define the kinds of cost concepts like TFC, TVC, TC, AFC, AVC, AC and MC and its corresponding curves with suitable diagrams for each. kinds of cost concepts like TFC, TVC, TC, AFC, AVC, AC and MC and its corresponding curves 7 suitable diagrams 3 10

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