NMIMS 2019 MBA ASSIGNMENTS - Complete the hypothetical table below and explain in brief, the law of variable proportions.
Complete the hypothetical table below and explain in brief, the law of variable proportions.
Complete the hypothetical table below and explain in brief, the law of variable proportions.
Assignment Solutions, Case study Answer sheets
Project Report and Thesis contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224
Business
Economics
1. What is Demand forecasting? Explain
different qualitative methods of demand forecasting. State which of the methods
described is most suitable for forecasting the demand for “newspaper” and why? (10 Marks)
2. Complete the hypothetical table below
and explain in brief, the law of variable proportions.
|
Quantity
|
Total Product
|
Average Product
|
Marginal product
|
|
1
|
10
|
|
|
|
2
|
30
|
|
|
|
3
|
48
|
|
|
|
4
|
56
|
|
|
|
5
|
56
|
|
|
|
6
|
52
|
|
|
3. a. Explain the types of elasticity of
demand. Calculate elasticity of demand for the following data.
|
Price of Apple (Rs.)
|
Quantity demanded (KGs)
|
|
20
|
100
|
|
12
|
96
|
3. b. Distinguish between the features of
perfect competition and monopolistic competition. Give real world examples of
each of these types of markets. (5 Marks)
Assignment Solutions, Case study Answer sheets
Project Report and Thesis contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224
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