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Business Economics
NMIMS
MBA APRIL 2019 SOLVED ASSIGNMENTS
NMIMS
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READYMADE SOLVED MBA APRIL 2019 ASSIGNMENTS
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NMIMS MBA SOLVED APRIL 2019 ASSIGNMENTS
1. What are the important
characteristics of an indifference curve. Suppose a consumer’s disposable
income is Rs. 5,000/- per week and she has a choice of spending the income on
concerts and meals. Assume meal is available for Rs.250/- each and concerts are
available for Rs.500/- each. Prepare a table of possible combinations of meals
and concerts that could be bought with the income. What is your observation
about the values in the table? (10 Marks)
2. Find below the data for price elasticity and income elasticity of
demand for 5 different commodities. Interpret the values in the table in the
light of
Whether
the demand is elastic or inelastic for each of the commodities and why
What do
you mean by negative income elastic demand in case of commodity 3
Give example for each type of commodity.
|
Commodity
|
Price Elasticity of demand
|
Income elasticity of demand
|
|
1
|
-0.3
|
+0.6
|
|
2
|
-1.45
|
+5.60
|
|
3
|
-5.09
|
-1.67
|
|
4
|
-0.7
|
+0.8
|
|
5
|
1.0
|
+1.0
|
3 a) “Different prices can be charged by
the producer in the different market segments to maximize revenue.” Explain the
statement by taking a case of aviation industry. (5 Marks)
3 b) What do you mean by price rigidity?
Which type of market structure is characterized by the price rigidity? Explain
your views taking an example of industry facing the problem of price rigidity.
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