Dear students get fully solved 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 assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
ASSIGNMENT
DRIVE FALL 2017
PROGRAM Master of Business Administration- MBA
SEMESTER Semester 1
SUBJECT CODE & NAME MBA 105 - MANAGERIAL ECONOMICS
BK ID B1625
CREDITS 4
MARKS 60
Note –The Assignmentisdividedinto2 sets.You have to answer all questionsinboth sets.Average
score of both assignments scored by you will be considered as your IA score. Kindly note that
answers for 10 marks questions should be approximately of 400 words.
SET 1
Question. 1. Define Demand Forecasting. Elucidate the determinants
of supply.
Answer: Anorganizationfacesseveral internal andexternal risks,suchashighcompetition,failureof
technology, labor unrest, inflation, recession, and change in government laws.
Therefore, most of the business decisions of an organization are made under the conditions of risk
and uncertainty.
An organizationcanlessenthe adverse effectsof risksbydeterminingthe demandorsalesprospects
for its products and services in future.
Question. 2. State the Law of Demand and also discuss the various
exceptions to the law of demand
Answer:
The law of demand states that, other things remaining the same, the quantity demanded of a
commodity is inversely related to its price.

2. It isone of the importantlawsof economicswhichwasfirstlypropoundedbyneo-classical economist,
Alfred Marshall.
Otherthingsremainingthe same,the amountdemandedincreaseswithafall inprice anddiminishes
with a rise in price.
- Alfred Marshall
Thus, according to the law of demand,
Question. 3. Define business cycle and some of the causes of
business cycles.
Answer: The businesscycle isthe fluctuationineconomicactivitythatan economyexperiencesover
a period of time. A businesscycle is basically defined in terms of periods of expansion or recession.
During expansions, the economy is growing in real terms (i.e. excluding inflation), as evidenced by
increases in indicators like employment, industrial production, sales and personal incomes. During
recessions,the economyiscontracting,asmeasuredbydecreasesinthe above indicators.Expansion
is measured from the trough (or bottom) of
SET 2
Question. 1. Explain the equilibrium of a firm under perfect
competition in the long run
Answer: The longrun is a periodof time whichissufficientlylongtoallow the firmstomake changes
in all factors of production. In the long run, all factors are variable and none fixed.The firms, in the
long run, can increase their output by changing their capital equipment; they may expand their old
plantsor replace the oldlower-capacityplantsbythe new higher-capacity plants or add new plants.
Besides, in the long run, new firms can enter
Question. 2. Define Monetary Policy and Fiscal Policy. Write down
any four objectives of both Monetary and Fiscal Policy
Answer: Monetary policy involves changing the interest rate and influencing the money supply.
Fiscal policy involves the government changing tax rates and levels of government spending to
influence aggregate demand in the economy.
They are both used to pursue policies of
Question. 3. Explain Oligopoly. Explain the features of oligopoly
market.

3. Answer: Oligopoly isa market situationin whichthere are only a few sellers of a commodity. Under
this, each seller can influence its price-output policy.
It is because the number of sellers is not very large and each seller controls a big portion of total
supply.
Price-output policy of a firm does affect the rivals.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601