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Micro Economics
1. Indifference curve is vital in explaining the ordinal approach, yet is criticized on the various grounds. Enumerate the various points of criticism against indifference curve. (10 Marks)
2. Supply elasticity form an important part in every walks of life. Discuss the various determinants of supply. Explain it with relevant examples wherever applicable. (10 Marks)
3.a. Explain the types of elasticity of demand. Calculate elasticity of demand for the following data.
Price of Apple (Rs.) Quantitydemanded (KGs)
20 100
21 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)
For Nmims Assignments Contact
[email protected]
+91 95030-94040
doc_897015295.docx
For Nmims Assignments Contact
[email protected]
+91 95030-94040
Micro Economics
1. Indifference curve is vital in explaining the ordinal approach, yet is criticized on the various grounds. Enumerate the various points of criticism against indifference curve. (10 Marks)
2. Supply elasticity form an important part in every walks of life. Discuss the various determinants of supply. Explain it with relevant examples wherever applicable. (10 Marks)
3.a. Explain the types of elasticity of demand. Calculate elasticity of demand for the following data.
Price of Apple (Rs.) Quantitydemanded (KGs)
20 100
21 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)
For Nmims Assignments Contact
[email protected]
+91 95030-94040
doc_897015295.docx