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SMU, 1st Sem MBA, MB0042- MANAGERIAL ECONOMICS
SMU, 1st Sem MBA, MB0042- MANAGERIAL ECONOMICS
Q1. What is production function and its uses? Explain the two types of production functions. Production function and its uses Two types of production functions Q2. 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. Explanation of consumer’s interview method Opinion survey method Direct interview method and any two types of it 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. kinds of cost concepts like TFC, TVC, TC, AFC, AVC, AC and MC and its corresponding curves suitable diagrams Q4. 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. Define Inflation Causes for Inflation Q5. Discuss the practical application of Price elasticity and Income elasticity of demand. Practical application of price elasticity Practical application of Income elasticity Q6. Define revenue. Explain the types of revenue and the relationship between TR, AR and MR with an example of a hypothetical revenue schedule. Definition of revenue Types of revenue Relationship between TR, MR and AR Hypothetical revenue schedule Contact www.kimsharma.co.in for best and lowest cost solution or Email: solvedstudymaterial@gmail.com Call: 0 +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only) 100/- per subject.

One thought to “SMU, 1st Sem MBA, MB0042- MANAGERIAL ECONOMICS”

  1. hey, i would like to buy assignments for two subjects (MB0040- statistics for management and MB0041- financial and management accounting) and the answer for hypothetical revenue schedule. Please send me your account details asap as i would like to make d payment of 150 rupees.

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