Managerial Economics AU Assignments 2022

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1st Set Annamalai Managerial Economics

1. Explain the significance of economic analysis in business decision.
2. Discuss how managerial economics is related to economics, statistics, mathematics and accounting.
3. Enumerate the various methods for maximising profits.
4. Illustrate the factors determining price elasticity of demand.
5. Narrate the different methods of forecasting demand for a product.

2nd Set of Annamalai University MBA Assignments

1. “The objective of Managerial Economics is to provide framework for analyzing business decisions. Instead of presenting detailed list of rules for specific decision-making, managerial economics addresses the larger economic forces that shape day-to-day decision-making”. Critically analyze the above statement.
2. “Outline the various steps which would be necessary if you were asked to forecast demand for a typical mass consumption item”.
3. “If the production function is homogeneous with constant returns to scale everywhere, the returns to a single variable factor will be diminishing.” – Comment.
4. “Short-run average variable cost curve is saucer-shaped but the short-run average total cost curve cannot be saucer-shaped”. Discuss in detail.

3rd Set Assignment Question

Q1. “The objective of Managerial Economics is to provide framework for analyzing business decisions. Instead of presenting detailed list of rules for specific decision-making, managerial economics addresses the larger economic forces that shape day-to-day decision-making”. Critically analyze the above statement.

Q2. “Outline the various steps which would be necessary if you were asked to forecast demand for a typical mass consumption item”.

Q3. “If the production function is homogeneous with constant returns to scale everywhere, the returns to a single variable factor will be diminishing.” – Comment.

Q4. “Short-run average variable cost curve is saucer-shaped but the short-run average total cost curve cannot be saucer-shaped”. Discuss in detail.

 

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annamalai university assignment solutionManagerial Economics AU Assignments 2022
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