Contact No - 9773820734 (WhatsApp)
Mail at – Projectreports94@gmail.com
Business Economics
Internal Assignment Applicable for December 2019 Examination
BUSINESS ECONOMICS DECEMBER 2019
NMIMS SOLVED 2019 ASSIGNMENTS
NMIMS MBA ASSIGNMENTS
SOLVED ASSIGNMENTS
1. Calculate the following: (10 Marks)
Quantity
Total Fixed Cost
Total Variable Cost
Total Cost
Average Cost
Marginal Cost
25
10
18
?
?
?
26
10
20
?
?
?
27
10
21
?
?
?
2. “Determinant of demand are the important factor which influences the decision of the consumers to purchase commodity or a service”
With respect to the above statement discuss any 5 determinants of the individual demand.
(10 Marks)
3
a. Suppose the monthly income of an individual increases from Rs. 10,000 to Rs. 15,000 which increases his demand for clothes from 20 units to 25 units. Calculate the income elasticity of demand and interpret the result. (5 Marks)
b. Quantity demanded for tea has increased from 100 to 160 units with an increase in the price of the coffee powder from Rs. 40 to
