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Internal Assignment Applicable for December 2017 Examination


1. Calculate the following:
Quantity
Total Fixed
Cost
Total Variable
Cost
Total
Cost
Average
Cost
Marginal
Cost
For Numerical Answer
Assessment Parameter Weightage
Formula 20%
Procedure / Steps 50%
Correct Answer &
Interpretation
30%
For Theoretical Answer
Assessment Parameter Weightage
Introduction 20%
Concepts and Application
related to the question
60%
Conclusion 20%
NMIMS Global Access
School for Continuing Education (NGA‐SCE)
Course: Business Economics
Internal Assignment Applicable for December 2017 Examination
25 10 18 ? ? ?
26 10 20 ? ? ?
27 10 21 ? ? ?
Analyse the changes in the calculated costs as quantity produced increases.
(10 Marks)
2. Assume that a consumer consumes two commodities X and Y and makes five
combinations for the two commodities :
Combination Units of X Units of Y
A 25 3
B 20 5
C 16 10
D 13 18
E 11 28
Calculate Marginal rate of Substitution and explain the answer. (10 Marks)
3. a) Suppose the monthly income of an individual increases from Rs 20,000 to Rs
35,000 which increases his demand for clothes from 40 units to 50 units. Calculate
the income elasticity of demand and interpret the result. (5 Marks)
b) Quantity demanded for tea has increased from 300 to 450 units with an increase
in the price of the coffee powder from Rs 25 to Rs 30. Calculate the cross elasticity
of demand between tea and coffee and explain the relationship between the goods.
(5 Marks)
***************
GET SOLVED ASSIGNMENTS
Mail us at [email protected]
WHATSAPP NUMBER- 9773820734
Internal Assignment Applicable for December 2017 Examination

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