Master of Business Administration- MBA Semester 1 MB0042 Managerial Economics - 4 Credits Assignment Set - 1 (60 Marks) 1.

. Explain the importance of managerial economics. See Answer on www.smuSolutions.com 2. Discuss the determinants of price elasticity of demand. See Answer on www.smuSolutions.com 3. Explain trend projection method of demand forecasting with illustration. See Answer on www.smuSolutions.com 4. Explain factors determining elasticity of demand. See Answer on www.smuSolutions.com 5. Explain how a product would reach equilibrium position with the help of iso-quants and iso-cost curve. See Answer on www.smuSolutions.com 6. Explain cost output relationship with reference to: a. Total fixed cost and output b. Total variable cost and output See Answer on www.smuSolutions.com Master of Business Administration- MBA Semester 1 MB0042 Managerial Economics - 4 Credits Assignment Set - 2 (60 Marks) 1. Write a note on Marris growth maximising model. See Answer on www.smuSolutions.com 2. Explain in brief the relationship between TR, AR and MR under perfect market conditions. See Answer on www.smuSolutions.com 3. What is perfect competition? Explain the equilibrium of a firm under perfect competition in the long run. See Answer on www.smuSolutions.com 4. What is oligopoly? Explain the features of oligopoly market. See Answer on www.smuSolutions.com 5. Explain wholesale price index with suitable illustration. See Answer on www.smuSolutions.com 6. What is investment function; discuss the various factors that determine the investment function. See Answer on www.smuSolutions.com