Dear students get fully solved SMU BBA Spring 2014 assignments Send your semester & Specialization name to our mail id : “ help.mbaassignments@gmail.com ” or Call us at : 08263069601

1. Dear students get fully solved SMU BBA Spring 2014 assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
ASSIGNMENTS
1 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.
Answer:- Define Inflation
Inflation is statistically measured in terms of percentage increase inthe price index, as a rate
(percent) per unit of time- usually a year or amonth. The trend of price indices reveals the course of
inflation in theeconomy. Usually, the Wholesale Price Index (WPI) numbers are used tomeasure
DRIVE SPRING 2014
PROGRAM MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/
PGDBAN2
SEMESTER 1
SUBJECT CODE & NAME MB0042- MANAGERIAL ECONOMICS
BK ID B1625
CREDIT & MARKS 4 Credits, 60 marks

2. inflation. Alternatively, the Consumer Price Index (CPI) or thecost of living index can be adopted to
measure the rate of inflation. Inorder to measure the
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
Monopoly means existence of a single seller in the market. Monopoly is that market form in which a
single producer controls the whole supply of a single commodity which has no close substitutes.
Monopoly may be defined, as a condition of production in which a single firm has the power to fix
the price of the commodity or the output of the
3 Define Fiscal Policy and the instruments of Fiscal policy.
Answer:- The term “fisc” in English language means “treasury”, and the policy related to treasury or
government exchequer is known as fiscal policy. Fiscal policy is a package of economic measures of
the Government regarding public expenditure, public revenue, public debt or public borrowings. It
concerns itself with the aggregate effects of government expenditure and taxation on income,
production and employment. In short, it refers to the
4 Describe Cost-Output Relationship in brief.
Answer:- Definition of cost-output relationship
Cost-output relations play an important role in almost all business decisions. It throws light on cost
minimization or profit maximization and optimization of output. The relation between the cost and
output is technically described as the “cost function”.The significance of cost-output relationship is
so great that in economic analysis, the cost

3. 5 Discuss the practical application of Price elasticity and Income elasticity of demand.
Answer: - Practical application of price elasticity
1. The concepts of elasticity and optimization
Students seem to have great difficulty with understanding the concept of elasticity. In part this
perhaps reflects a reliance on the visual concept, for example they have less trouble when get to
partial elasticity’s (which of course are very difficult to visualize), but also because of lazy
terminology by teachers and lecturers . Too often in their initial introduction to economics students
are shown linear demand function that have different
6 Discuss the scope of managerial economics.
Answer:-Definition of Managerial Economics
“Managerial economics is the integration of economic theory with business practice for the purpose
of facilitating decision making and forward planning by the management”1. Mc Nair and Meriam
say, “Managerial economics is the use of economic modes of thought to analyse business situation”
Scope of Managerial Economics
Dear students get fully solved SMU BBA Spring 2014 assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601