MICROECONOMICS

Economics Question and Answers for NMIMS Assignments of December 2023

Leave a Comment / BBA & BCOM, CBSE Class 11-12, Distance MBA, Economics, MBA, MICROECONOMICS, NMIMS, nmims assignment solved answers, NMIMS Assignments, NMIMS December 2023, Study Material / By / October 10, 2023

Q1. “Demand forecasting plays a vital role and enables organisations to arrange for the required input as per the predicted demand, without any wastage of material and time” Substantiate your view on demand forecasting and discuss the various factors influencing demand forecasting. (10 Marks) Demand forecasting is a critical process for organizations across various industries, …

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INDIFFERENCE CURVE ANALYSIS

Leave a Comment / Amity University, Assignments, B.Com, BBA & BCOM, Calcutta University, Economics, Healthcare Management, Hospital Management, ICFAI, IGNOU, MAKAUT, MBA, MCom, MICROECONOMICS, NMIMS, NMIMS Assignments, Symbiosis / By / March 30, 2023

Economists like Hicks, Allen, Samuelson’s, Edgeworth etc. have criticized the utility analysis on the following grounds: •Utility is subjective.•Indivisible Goods.•Goods are not independent.•Marginal Utility of Money is not Constant.•Cardinal Measurement is not Possible.•Consumer is not so calculative.•Income Effect of Price change Ignored INTRODUCTION OF INDIFFERENCE CURVE IC analysis is a modern method to analyze consumer’s …

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