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ASSIGNMENT DRIVE – FALL 2016
PROGRAM: MBA
SEMESTER – 1st
SUBJECT CODE & NAME- MBA105 – MANAGERIAL ECONOMICS
Q1. Define Elasticity of Supply? Explain the factors determining Elasticity of Supply?
Definition Elasticity of Supply
Factors determining Elasticity of Supply
Q2. What is Perfect Competition and also mention the features of Perfect Competition? Explain the different characteristics of Monopolistic Competition?
Definition of Perfect Competition and its Features
Characteristics of Monopolistic Competition
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
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