Business economics September 2024

Description

Assignment Solution : Business economics September 2024

NMIM$ Global Access

School for Continuing Education (NGA-SCE)

Course: Business economics September 2024

Internal Assignment Applicable for September 2024 Examination

Q1. With the help of the concept of production function. Briefly explain the Law of Variable
Proportions and Law of Returns to Scale. Elaborate your answer by citing real world examples.
(10 Marks)
Q2. Countries are making every effort to cut back on their usage of petroleum products,
particularly gasoline, in light of the rising cost of crude oil. Results from this will only become
apparent over time. To cut down on the usage of private automobiles, the majority of nations
are working to increase public transportation systems’ popularity. For the reasonably developed
countries, the income elasticity of spending on private vehicles has been calculated to be

approximately 2.5. Some nations, like India, are highly irritated that despite fare reductions,
there is no movement towards public transportation. The following describes the user profile
of the public transportation system:
They belong to the middle and low income categories with income elasticity less than one and
the absolute value of price elasticity also less than one
With the above given statement, you are required to suggest your point logically as to why the
public transport is not becoming popular and why the use of private vehicles is only continuing
to increase.
You can build your answer by keeping income elasticity in mind and analysing it. (10 Marks)
Q3a. A corporation in the USA that works in the telecommunications industry is called SNDL.
Their intention is to join the Indian telecom industry. Prior to entering the Indian market, they
would like to examine the market structure. They are doing this in order to determine how
much price power they may have in the Indian telecom market. If you were giving them advice
on the same thing, how would you go about comprehending the structure of the market?
Explain which test or technique you would choose for determining the market concentration.
(5 Marks)
Q3b. ABC Ltd sought to determine the nature of the relationship between goods A and B,
specifically if they are complementary or substitutes. Regarding the price and quantity
requested for commodities A and B, the following information was available.
The price of A remained unchanged, but the price of B dropped from Rs 240 to Rs 200, which
increased the demand for A from 3500 to 4000 units. Determine the cross-elasticity of demand
between goods A and B, and then provide a commentary on the relationship between the two
goods based on the results.(5 Marks)

Last date : 29th August

For Unique Assignment call /WhatsApp  at 8448433923

 

Rules and Regulation

General or Editable Assignment: Needs to be change in your own Wording. After Modification, check plagiarism via some tools on google. After Checking, upload your assignment. Kindly call or WhatsApp to know how and where can you change it. We will avoid support if you don’t change your Content before uploading.

Change is Mandatory in General Assignment.

Unique Assignment: Assignment will be Uploaded directly; more than 80% marks are guaranteed. Plagiarism free. No Copy case. 100 % Guaranteed Assignment.

Buying Process: General Assignment Buy Online

Unique Assignment: Call/WhatsApp at 8448433923

For Unique Assignment call /WhatsApp  at 8448433923

above are contact details for assignment

 

For Unique Assignment call /WhatsApp  at 8448433923