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Managerial Economics
i.
What would you recommend to the government to create a level playing
field for the local firms and the western exporters of meat to India?
ii.
Can you
cite any other typical product where India’s advantage turns into
disadvantages as a result of WTO agreement?
i Why do you
think the absolute value of demand elasticity is less in the short run than in
the long run?
iii.
Do you think jewelers as a commodity, can also be categorized in the
same group as others in the given table? In other words, will it also exhibit
change in the demand elasticity between the short and long run? Explain why?
iv.
The change in the value of demand elasticity between short and long run
is much smaller in case of food than in clothing, what does this reflect about
the consumer behavior?
(a)
Is there such a market in India for all the huge plans that they have ?
(b)
Can you
support it as a case of economies of scope ?
(c)
Does it
not lend to monopolistic conditions ? Give reasons.
1.
Identify the most important factors of production in case of automobile
industry. Also attempt to explain the relative significance of each of these
factors.
2.
What more information would you like to obtain in order to draw a
production function for Maruti Udyog? Explain with logic.
3.
Automobile industry is a good example of capital augmenting technical progress.
Discuss.
1.
As money costs will decrease due to decision to outsource human
resource, some real costs and opportunity cost may surface. What could these
be?
2.
Elaborate the external and internal economies of scale as occurring to
Contract Counsel.
2.
Can you see some possibility of economies of scope from the information
given in the case? Discuss.
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