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)


SOLVED 2019 JULY NMIMS ASSIGNMENTS



Assignment Solutions, Case study Answer sheets
Project Report and Thesis contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224




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