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.

Distinguish between the following:


a) Industry demand and Firm (Company) demand, b) Short-run demand and
Long run demand, and c) Durable goods demand and Non-durable goods
demand.

2.

What are the problems faced in determining the demand for a durable good?
Illustrate with example of demand for households refrigerator or television set.
Analyze the method by which a firm can allocate the given advertising budget between
different media of advertisement.
What kind of relationship would you postulate between short-run and long-run average
cost curves when these are not U-shaped as suggested by the modern theories?
How do demand forecasting methods for new products vary from those for established
products?
What are the different methods of measuring national income? Which methods have
been followed in India?
What do you understand by the investment multiplier? In what way does it defend the
policy of public works on the part of the state during business depression?
Discuss the various phases of business cycle:
Are cyclical fluctuations necessary for economic growth?
b. Suggest appropriate fiscal and monetary policies for depression

3.
4.
5.
6.
7.
8.

lease read the case study given below and answer questions given.

Case Study
Electron Control, Inc., sells voltage regulators to other manufacturers, who then customize and
distribute the products to quality assurance labs for their sensitive test equipment. The yearly
volume of output is 15,000 units. The selling price and cost per unit are shown below:
Selling price
Costs:
Direct material
Direct labor
Variable overhead
Variable selling expenses
Fixed selling expenses
Unit profit before tax

$200
$35
50
25
25
15

150
$ 50

Management is evaluating the alternative of performing the necessary customizing to allow Electron
Control to sell its output directly to Q/A labs for $275 per unit. Although no added investment is
required in productive facilities, additional processing costs are estimated as:
Direct labor
Variable overhead
Variable selling expenses
Fixed selling expenses

$25 per unit


$15 per unit
$10 per unit
$100,000 per year

Please give your answer in at least 25 words and press save and continue button.

S.
Questions
No.

1.

Marks - 10

Calculate the incremental profit Electron Control would earn by


customizing its instruments and marketing directly to end users.

2.

Select file to upload answer sheet :


File type only .xls, .doc. less than 1 MB.
NOTE :Please press 'Save and Continue' button to save this file
Nil

3.

Select file to upload answer sheet :


File type only .xls, .doc less than 1 MB.
NOTE :Please press 'Save and Continue' button to save this file
Nil

Save and
Continue

Save and
Continue

Save and
Continue

Select file to upload answer sheet :


File type only .xls, .doc. less than 1 MB.
NOTE :Please press 'Save and Continue' button to save this file

2008 Amity University, all rights reserved.


lease read the case study given below and answer questions given.

Case Study
Electron Control, Inc., sells voltage regulators to other manufacturers, who then customize and
distribute the products to quality assurance labs for their sensitive test equipment. The yearly
volume of output is 15,000 units. The selling price and cost per unit are shown below:
Selling price
Costs:
Direct material
Direct labor
Variable overhead

$200
$35
50
25

Variable selling expenses


Fixed selling expenses
Unit profit before tax

25
15

150
$ 50

Management is evaluating the alternative of performing the necessary customizing to allow Electron
Control to sell its output directly to Q/A labs for $275 per unit. Although no added investment is
required in productive facilities, additional processing costs are estimated as:
Direct labor
Variable overhead
Variable selling expenses
Fixed selling expenses

$25 per unit


$15 per unit
$10 per unit
$100,000 per year

Please give your answer in at least 25 words and press save and continue button.
S.
Questions
No.

1.

Calculate the incremental profit Electron Control would earn by


customizing its instruments and marketing directly to end users.

2.

Select file to upload answer sheet :


File type only .xls, .doc. less than 1 MB.
NOTE :Please press 'Save and Continue' button to save this file
Nil

3.

Select file to upload answer sheet :


File type only .xls, .doc less than 1 MB.
NOTE :Please press 'Save and Continue' button to save this file
Nil

Marks - 10

Save and
Continue

Save and
Continue

Save and
Continue

Select file to upload answer sheet :


File type only .xls, .doc. less than 1 MB.
NOTE :Please press 'Save and Continue' button to save this file

2008 Amity University, all rights reserved.


Question No. 1

Marks 10

Econometrics is

Options
A modern name for economics
A specialized branch of economics which applies the tools of statistics to the
economic problems
A branch of economics which combines macroeconomic principles with
welfare economics
A branch of economics which combines microeconomic principles with
international trade
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