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1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Business Economics
Internal Assignment Applicable for December 2017 Examination
Assignment Marks: 30
Instructions:
All Questions carry equal marks.
All Questions are compulsory
All answers to be explained in not more than 1000 words for question 1 and 2 and for
question 3in not more than 500 words for each subsection. Use relevant examples,
illustrations as far aspossible.
All answers to be written individually. Discussion and group work is not advisable.
Students are free to refer to any books/reference material/website/internet for attempting
theirassignments, but are not allowed to copy the matter as it is from the source of
reference.
Students should write the assignment in their own words. Copying of assignments from
otherstudents is not allowed.
2. Question. 1. Calculate the following: (10 Marks)
Answer:
Question.2. Determine the market equilibrium price for the
following demand and supply
equation:
D = 9p + 6
S = 10p – 5
Determine the equilibrium quantity if price is the same as above
D = 3p – 3q
S = 8q – 3p (10 Marks)
Answer:
Question.3. a) Calculate the following:
a) Assume that a business firm sells a product at the price of ₹500.
The firmhas decided to reduce the price of the product to ₹350.
Consequently, thedemand for the product is raised from 30,000
units to 35,000 units. In thiscase calculate the price elasticity of
demand. (5 Marks)
Answer:
3. b) Suppose the monthly income of an individual increases from
₹6,000 to₹11,000. Now, his demand for clothes increases from 30
units to 60 units.Calculate the income elasticity of demand. (5
Marks)
Answer:
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Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )