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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
ASSIGNMENT
1. Define economies of scale. Discuss the kinds of internal economies.
Answer:Economiesof scale are the cost advantages that a businesscanexploitbyexpandingtheir
scale ofproduction. The effectof economiesof scale istoreduce the average (unit) costsof
production.
There are manydifferenttypesof economyof scale anddependingonthe particularcharacteristics
of an industry,some are more importantthanothers.
Internal economiesofscale
Internal economiesof scale arise fromthe
2. Consumers' interview method is a survey method used for estimating the demand for new
products. This method is very important with regard to collect the relevant information
directly from the consumers with regard to their future purchase plans. Opinion surveys
and direct interview method are the two important techniques among all. Describe these
two methods in detail.
Answer:Primary vs. secondary research methods: There are two main approaches to marketing.
Secondary researchinvolvesusinginformationthatothershave alreadyputtogether. For example,
if you are thinking about starting a business making clothes for tall people, you don’t need to
question people about how tall they are to find out how many tall people exist—that information
has alreadybeenpublishedby the U.S. Government. Primary research, in contrast, is research that
youdesignandconduct yourself. Forexample,youmayneedtofindoutwhetherconsumers would
prefer that your soft drinks be sweater or tarter.
Survey method is one of the most common and direct methods
DRIVE SPRING 2015
PROGRAM MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
SEMESTER 1
SUBJECT CODE & NAME MB0042- MANAGERIAL ECONOMICS
BK ID B1625
CREDIT & MARKS 4 Credits, 60 marks

2. Q3. 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.
Answer: The project cost can be monitored by comparing the actual cost of the project with the
estimatedcost.Thisshowsthe areasthat are overestimated and those that are underestimated. By
carefullymonitoringexpenses you can ensure the cost of the project is within the amount allowed
for in the quote. Select the numbers in the project cost table to see the types of information
requiredtoworkout an estimatedprojectcost. A properunderstandingof the nature andbehaviour
of costs is a must for regulation and control of cost of production. The cost of production depends
on money forces and an understanding of the
Q 4. 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: In economics, inflation is a sustained increase in the general price level of goods and
servicesinaneconomyovera periodof time. Whenthe price level rises, each unit of currency buys
fewergoodsandservices.Consequently, inflation reflects a reduction in the purchasing power per
unit of money – a loss of real value in the medium of exchange and unit of account within the
economy. A chief measure of price inflationis the inflation rate, the annualized percentage change
ina general price index (normallythe consumer price index) over time. The opposite of inflation is
deflation.
Define Inflation- Inflation is commonly understood as
5. Describe perfect competition and its features.
Answer: Perfect Competition is a market structure where there is a perfect degree of competition
and single price prevails.
The concept of Perfect Competition was introduced by Dr. Alfred Marshall.
Main Features of Perfect Competition ↓
6. Define revenue. Explain the types of revenue and the relationship between TR, AR and MR
with an example of a hypothetical revenue schedule.

3. Answer: In business, revenue or turnover is income that a company receives from its normal
businessactivities,usuallyfromthe sale of goods and services to customers. In many countries and
states,revenue isreferredtoasturnover.Some companiesreceive revenue frominterest, royalties,
or otherfees.Revenuemayrefer to business income in general, or it may refer to the amount, in a
monetary unit, received during a period of time, as in "Last year, Company X had revenue of $42
million."Profitsornetincome generallyimplytotal revenueminustotal expenses in a given period.
In accounting, revenue is often referred to as the "top line" due to its position on the income
statementatthe verytop. Thisisto be contrastedwiththe "bottomline"whichdenotesnetincome.
Revenue is the total amount received by a business or
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Send your semester & Specialization name to our mail id :
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