Ist Semester
MANAGERIAL ECONOMICS
Assignment-1
Q.1 Is managerial economics positive or normative? Analyse the relationship between managerial economics and decision making.
Q.2 What are the various factors which may influence the demand for Intermediate goods, public goods, club goods and complimentary goods? Q.3 Why is demand analysis significant for management? Identify various concepts of demand relevant for various functional areas of management.
Q.4Distinguish between short run production function and long run production function. The law of diminishing returns is sometimes known as the law of Variable proportions how? Explain the law with examples and figures.
Q.5(a) Oligopolists are more likely to match the price cut then a price increase by a competitor why? Explain with example. (b)In perfect competition AR=MR and in monopoly AR>MR.Explain.
Assignment-2
Q.6What are sectoral accounts ? Specify the importance of sectoral accounts in national income accounting.
Q.7(a) Why should inflation be controlled ? Discuss the various measures to be adopted to control it. (b) Describe the primary and secondary functions of money.
Q.8 Read the following case and answer the questions given at the end.
TAKE THE BULL BY THE HORN
Through its relatively brief history, the Reliance group has specialised in taking gambles, sometimes huge ones. A pattern repeated time and again - such as when it set up capacities for Polyester Staple Fibre (PSF) which was the same size as the domestic market or when it put up a 27 million tonne refinery in Jamnagar, which is close to a third of India's demand for petroleum products.
There's no gamble quite so audacious as the one that's underway. The Rs. 25,000 crore Reliance Infocom project that's currently taking shape aims at no less than a complete remake of India's telecom landscape to emerge as India's number one