Dr. Manuj Darbari
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ENGINEERING & MANAGERIAL ECONOMICS (EHU-501)

Name of the Faculty : MANUJ DARBARI

ASSIGNMENT I

1

Explain meaning, nature &scope of economics.

2

What do understand by demand analysis?

3

What is the meaning and significance of demand forecasting?

4

Differentiate between measurement of National Income of closed economy and open economy.

5

Explain the relationship between science, engineering & economics with suitable example.

ASSIGNMENT II

1

What do you mean by demand forecasting? Discuss the objectives you would suggest for your firm.

2

What do you understand by laws of return to scale?

3

Which decision-making criteria would you like to consider when there are uncertainties in the business environment? Give reasons in support of your answer.

4

Suppose the price elasticity of demand for text books is 2 and the price of text books increases by 10%, by how much does the quantity demanded fall? Infer the results and discuss the reasons for the fall in quantity demanded.

5

Estimate the expected demand for a firm for the year 2012 when you have the following data:

Year

Total demand in Thousand Units

2007

25

2008

39

2009

46

2010

44

2011

50

ASSIGNMENT III

1

Explain the concept of elasticity, MR, TR and the relationship among the three. Illustrate with help of an example.

2

What do you understand by ‘Consumer Equilibrium’? How does price change in particular commodity affect the consumer behaviour?

3

Explain the difference between long run average cost and short run average cost.

4

Distinguish between Pure & Perfect Competition.

5

Is price higher and output smaller under monopoly? Compare these under perfect competition.

 

ASSIGNMENT IV

1

Explain the concept of Duopoly Sorbent of price determination and various market conditions.

2

“Imperfect competition is the competitive situation in any market” – justify.

3

Explain the concept run equilibrium with respect to i) MC<MR

ii) MC>MR

iii) MC=MR

4

Mathematically prove that TC = TFC + TVC.

5

Derive the relationship between:

i)                  ATC, AFC & AVC

ii)                ATC & AVC

ASSIGNMENT V

1

Explain the nature and causes of inflation.

2

What do you understand by GDP & GNP.

3

What are the various phases of business cycle.

4

What is the meaning of money? Explain  its utility.

5

Explain the correlation between economic fluctuations and unemployment.

 

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