DMBA 105 MBA 1 SEM

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SESSION JAN/FEB 2023

PROGRAM MASTER OF BUSINESS ADMINISTRATION (MBA)

SEMESTER I

COURSE CODE & NAME DMBA105 – MANAGERIAL ECONOMICS

CREDITS 4

Assignment Set – 1

 

  1. Define the term ‘managerial economics’. Explain significance of the study of managerial economics.

Ans: Management economics: The term “managerial economics” is used to describe Managerial economics is defined as the branch of economics that deals with the application of diverse concepts as well as theories and methods that employ economics to tackle practical problems in the field of Its Half solved only

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  1. Define production function. State types and function of production function.

Ans: Production function The entire theory of production centres revolves around the concept of production function. A “production function” expresses the technological or engineering relationship between physical quantity of inputs employed and physical quantity of outputs obtained by a

 

  1. Explain different types of cost.

Ans: Cost accounting is an accounting process that measures all of the costs associated with production, including both fixed and variable costs. The purpose of cost accounting is to assist management in decision-making processes that optimize operations based on efficient cost management. The costs

 

 

 

 

Assignment Set – 2

  1. Explain causes of inflation in detail.

Ans: Causes of inflation

  1. Demand side Increase in aggregative effective demand is responsible for inflation. In this case, aggregate demand exceeds aggregate supply of goods and services. Demand rises much faster than supply.

The following reasons

 

  1. Explain different objectives of pricing policies.

Ans: The following objectives are to be considered while fixing the prices of the product:

  1. Profit maximisation in the short term – The primary objective of the firm is to maximise its profits. Pricing policy as an instrument to achieve this objective should be formulated in such a way as to

 

  1. Define monetary policy. State the objectives of monetary policy in developing countries.

Ans: Monetary policy deals with the total money supply and its management in an economy. It is essentially a programme of action undertaken by the monetary authorities, generally the central bank, to control and regulate the supply of money with the public, and the flow of credit with a view to achieving economic stability and certain predetermined macroeconomic goals.

Monetary policy can be explained in two different ways. In a narrow sense, it is concerned with administering

 

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