Global Business Environment & Economics
INTERNAL ASSIGNMENT – 1
Q.1. Write answers for any two questions from below. (5 marks each – Word limit – 500)
A. Define durable goods with examples.
B. What is increase and decrease in supply?
C. What is Giffen’s Paradox?
Q.2. Write short notes on all of the following topics (1 mark each – Word limit – 100)
A. Laws of Demand
B. Exceptions to Laws of Demand
C. Disadvantages of Deflation
D. Features of Business Cycles
E. Types of Inflation
INTERNAL ASSIGNMENT – 2
Q.1. Write answers for any two questions from below. (5 marks each – Word limit – 500)
A. Elaborate role of managerial economics.
B. Give the meaning of fixed cost and variable cost.
C. Define Marginal Revenue. Explain the relationship between Average and Marginal Revenue when price is constant at all levels of output.
Q.2. Write short notes on all of the following topics (1 mark each – Word limit – 100)
A. Disadvantages of inflation
B. Market structure
C. Forms of market structure
D. Meaning of Revenue
E. Law of Variable Proportions