DMBA115 MANAGERIAL ECONOMICS

Description

SESSION	JAN – FEB 2026
PROGRAM	MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER	I
COURSE CODE & NAME	DMBA115 MANAGERIAL ECONOMICS

 

 

Assignment Set – 1

 

Q.1. Discuss the law of demand and its underlying assumptions. Examine the determinants of price elasticity of demand and analyze how elasticity varies across different goods. How can firms use elasticity concepts for effective pricing decisions in competitive markets? (3+3+4 = 10 Marks)

Ans 1.

The law of demand says that when price of a good rises, its quantity demanded falls but other components remain in place. This inverse relationship is fundamental in the field of economics. Understanding demand elasticity and its factors can aid companies develop effective pricing strategies within competitive markets that maximize revenues.

Law of Demand and Its

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Q.2. Explain the law of supply and its exceptions. Analyze how shifts in supply and demand jointly determine market equilibrium. Using diagrams, discuss the impact of simultaneous changes in demand and supply on equilibrium price and quantity. (3+3+4 = 10 Marks)

Ans 2.

Law of Supply states that aside from the fact that things are constant the producers offer more products at higher prices and less at lower rates, which shows that there is a direct correlation between prices as well as the amount of product supplied.

Law of Supply and Its Exceptions

The law on supply illustrates that there is a direct correlation between the price as well as the quantity that is supplied. Price increases make production profitable, leading to higher production. This is the case even under ceteris pareis conditions, including steady input costs unchanging technology, as well as continuous supply of buyers. However, notable exceptions exist. Agriculture is subject to weath

 

 

Q.3. Examine the production function in the short run and long run, highlighting the law of variable proportions and returns to scale. Critically analyze the cost-output relationship and explain how cost curves are derived and interrelated. (6+4 = 10 Marks)

Ans 3.

The term “production” refers to the relationship between inputs and outputs within every production procedure. The understanding of production performance, and the costs-output relation allows managers to maximize the use of their resources and make informed decisions about production scale, efficiency and cost management in all sectors.

Short-Run Production and Law of Variable Proportions

In the short term there is a factor that remains constant while the other ones remain variable. The law of variable proportions describes how output changes while the inputs are variable compared to an input fixed. Three distinct stages operate sequentially. In Stage One where the product total rises by increasing amounts

 

Assignment Set – 2

 

Q.4. Compare and critically analyze price-output determination under perfect competition and monopoly. (5+5 = 10 Marks)

Ans 4.

Perfect competition and Monopoly are the two extremes of market structures, with completely different outcome of output and price. Comparing them can help economists and politicians assess the effectiveness of market structures along with consumer welfare as well as economic dynamics that determine industrial behavior both in countries that are developed as well as developing.

 

Q.5. Critically evaluate the role of monetary policy and fiscal policy in achieving economic stability. Discuss the instruments used in each policy and analyze their effectiveness in real-world scenarios. (5+5 = 10 Marks)

Ans 5.

Monetary and fiscal policies are two of the primary tools employed in order to create stability and prosperity. Both seek to limit increase inflation, lower unemployment and ensure growth. However, both use different methods and face distinct limitations in world economic situations in both the

 

Q.6. Explain the causes and types of inflation and deflation. Analyze the Phillips Curve and its relevance in modern economies. (5+5 = 10 Marks)

Ans 6.

Inflation and deflation are key macroeconomic ideas that impact the purchasing power of consumers and stability in the economy. The Phillips Curve illustrates the link between unemployment and inflation as well as influencing policy decisions.

Causes and Types of Inflation

Inflation is the continuous