SEM.3 ME THEORY ASSIGNMENT

GLS UNIVERSITY’S

FACULTY BUSINESS ADMINISTRATION (GLSBBA)

THEORY ASSIGNMENT 2019-20

SY BBA: SEMESTER III

SUBJECT CODE: CORE COURSE: 170101305

 MANAGERIAL ECONOMICS

1.                Explain the law of diminishing marginal rate of substitution with examples.

2.                Explain income effect and substitution effect and price effect.

3.                Explain Gini co-efficient.

4.                What is demand forecasting? Explain methods of demand forecasting.

5.                When is price discrimination under monopoly possible, profitable and socially desirable?