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Solvezone Blog

Date:08-Nov, 2018 08:52 AM
Blog Titlle:Business Economics NMIMS SOLVED ASSIGNMENT
Blog:

NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Business Economics
Internal Assignment Applicable for December 2018 Examination
Assignment Marks: 30
Instructions:
 All Questions carry equal marks.
 All Questions are compulsory
 All answers to be explained in not more than 1000 words for question 1 and 2 and for
question 3 in not more than 500 words for each subsection. Use relevant examples,
illustrations as far as possible.
 All answers to be written individually. Discussion and group work is not advisable.
 Students are free to refer to any books/reference material/website/internet for
attempting their assignments, but are not allowed to copy the matter as it is from the
source of reference.
 Students should write the assignment in their own words. Copying of assignments from
other students is not allowed.
 Students should follow the following parameter for answering the assignment questions.
1. The manager of a company was analysing the trend of the products of its company
(Commodity Y) getting replaced by another substitute product available in the market
which gives the same level of satisfaction to the consumers. Calculate the rate of
Marginal Rate of Substitution and analyse the result.
For Theoretical Answer
Assessment Parameter Weightage
Introduction 20%
Concepts and Application
related to the question
60%
Conclusion 20%
For Numerical Answer
Assessment Parameter Weightage
Understanding and usage
of the formula
20%
Procedure / Steps 50%
Correct Answer &
Interpretation
30%
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Business Economics
Internal Assignment Applicable for December 2018 Examination
Combination Units of
Commodity Y
Units of
Commodity X
Total Utility
a 40 10 U
b 25 14 U
c 17 19 U
d 10 27 U
e 7 38 U
(10 Marks)
2. Neha has just completed her MBA and joined a startup company. The company was
planning to launch a new product in the market so the management wanted to
understand the different factors that can impact the demand and supply of their
products in the market. Help Neha to prepare a report on the factors impacting demand
and supply of products in the market. (10 Marks)
3. Alpha Ltd market share was declining due to high competition in the market so it
decided to enter a new segment. It wanted to determine the relationship between
change in the quantity demanded of the product due to change in the price of the
product in the market. Assume that at the price of ₹100, the demand for the product is
400 units. If the price of the product increases to ₹120, the demand decreases to 250
units. Calculate the price elasticity:
a) Using Arc elasticity method (5 Marks)
b) Using Percentage method (5 Marks)
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