nmims June 2019 solved assignments

GET SOLVED ASSIGNMENTS VISIT WWW.MBASOLVEDASSIGNMENT.COM Or Mail us at Projectreports94@gmail.com CALL NOW – 09773820734 (WHATSAPP ) Business Economics

1. “In the monopolistic competition, a few firms sell differentiated products” Explain this statement by highlighting important features of this kind of a market. Substantiate your answer by a live example. Also explain how the equilibrium in this kind of a market is different from a long run equilibrium under perfect competition. 2. Complete the hypothetical table below and explain in brief, the behaviour of each type of cost. Quantity Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 00 1 25 2 40 3 50 4 60 5 100 80 6 110

Turn static files into dynamic content formats.

Create a flipbook

nmims June 2019 solved assignments

Published on Apr 20, 2019

projectreports94

GET SOLVED ASSIGNMENTS VISIT WWW.MBASOLVEDASSIGNMENT.COM Or Mail us at Projectreports94@gmail.com CALL NOW – 09773820734 (WHATSAPP ) Business Economics 1. “In the monopolistic competition, a few firms sell differentiated products” Explain this statement by highlighting important features of this kind of a market. Substantiate your answer by a live example. Also explain how the equilibrium in this kind of a market is different from a long run equilibrium under perfect competition. 2. Complete the hypothetical table below and explain in brief, the behaviour of each type of cost. Quantity Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 0 0 1 25 2 40 3 50 4 60 5 100 80 6 110 7 150 8 300 9 500 10 900 3. a) What are the practical uses of the concept of price elasticity of demand for different stakeholders in the production process? b) Distinguish between the shift and movement in the demand curve. Explain any five factors which would br

Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.