New 1709619386

Managerial Economics
ABS – MBA
Assignment
STUDENT ID
UNIT TITLE: ___________________________________________________
NAME (in Full): ___________________________________________________
GENERAL INSTRUCTIONS
• All assignments are to be submitted on 29th March 2024 on

https://lms.atmsstudentgateway.com/
• Any Assignment submission extension request must come to Azra Fatima (Head:
Examination | Academic) [email protected] 5 days before the date of submission with
a valid reason and supported documentary evidence.
• APA 7th edition referencing guidelines needs to be followed.
• Similarity between student’s work is strictly not accepted, any student found with similar
work will be graded Zero and fail for the course. However, Plagiarism is an academic
offence and will not be tolerated.
• Any revaluation request should come in 5 days of grade release. Any late request will not
be obliged.(Form and other details shall be shared based on request)
• Revaluation cannot be requested for plagiarized assignments as the assignment stands as an

academic misconduct.
• If a program participant submits the assignment late, but within 1 week after the submission
date a 20% penalty will be applied
• Re-evaluation request is NOT applicable for any failed courses provided the mark range
from 59 to 69.Any grade which is below the range is however not applicable for this request.
• Any rescheduling request can be fulfilled within one week after the actual date of the
assessment. Anylate request will not be obliged.
• Assignment once submitted to exam board is final for marking.
• Second extension cannot be provided without supporting documentary evidence.
©Al Tareeqah Management Studies - 2024 1

• Program participants are strongly advised to keep a copy of their work in case the submitted
copy should go astray.
PS. Kindly note to adhere to all the above instructions. Failing to read this, ATMS will not be
responsible for any actions taken.
Total Marks / 90
PLAGIARISM
Plagiarism is defined as providing material from an uncredited source, or without the

acknowledgement of the original author. For longer submissions and reports, students are
required to provide an Assignment Cover Sheet, which states that submission is their original
work, and has not been submitted for another assignment, either in that course, or another
Plagiarism may have many forms including but not limited to:
o Outright copying another author’s work without acknowledgement

o Cut and paste without the correct citation and acknowledgement.
o Copying key words but changing the sentence structure without crediting
theoriginal source
o Copying the sentence structure but changing some words without crediting
theoriginal source
o Following the structure or organization of another author’s work, or order
ofpresentation of ideas
o Submitting work that was created by an unacknowledged third party (i.e.,
writingservice, or another student)
o Copying from published authorities without acknowledgement
o Failure to correctly use quotation marks when expressing another author’s idea
o Incorrect or improper use of in-text citation and referencing
o Missing or incorrectly presented bibliography or reference list
o Pretending ownership of another author’s ideas
o Making work available to another person for copying
o Falsifying results
The plagiarism tolerance for MBA is 8 %.

In cases where the plagiarism percentage exceeds the tolerance, students are given a second
chance to rework on their assignments and submit. However, if the percentage continues to
exceed the tolerance percentage the student will be awarded one grade lower than the
originalgrade achieved.

Answer all the Questions. (Word Limit-2000-2500 words)
1. Suppose that more people have opened their own e-business because they wanted to be their
own bosses, but the demand for e-products has grown even faster as the economy recovered
from the pandemic. How would this affect the equilibrium price and quantity of e-products?
Draw a diagram (using Word/PowerPoint or by hand and then upload a picture) to show your
answer and label the changes in each curve.
(15 Marks)
2. Assume that there is a price floor for wheat in Europe. How does this affect the price and
quantity of wheat in Europe? Use your own words to describe how the supply of wheat behaves
in this scenario. To support your answer, think about the world market for wheat and what the
equilibrium would be without any government intervention to keep the price floor in Europe.
Now imagine that Ukrainian wheat access to the European union is constrained can we expect
the price floor to lose its utility?
(20 Marks)
3. The Carpo company manufactures carpets. Fixed costs are $100 to run the business. Fill in
for fixed cost (FC), total cost (TC), average variable cost (AVC), average total cost (ATC),
marginal cost (MC).
Qty VC FC TC AVC ATC MC

0
100 10
200 40
300 60
400 80
500 100
600 120
(10 Marks)
Marginal revenue per unit for the carpo products being $0.05 which would be the quantity of
production chosen by the manufacturer?
TIPS: Because you are provided with the MR per unit you should look for the MC per
unit to answer this particular question.
(5 marks)
4. Calculate and explain each of the type for the following elasticities:
Price increases from $100 to $110 quantity demanded doesn’t move.
Price decreases from $11 to $10 quantity supplied moves from 90 to 85.

Price of A increases from $2 to $2.5, quantity demanded of B moves from 10 to 11.
Price of A decreases from $3.5 to $3, quantity demanded of B moves from 10 to 9.

(10 Marks)
4. Using examples from companies of your choice, explain the two pricing techniques of your
choice from those discussed in class.
Tips: name the product or service and provide details of the prices, then explain why it
has been designed in this way and the rationale of its use in this particular case.
(15 Marks)
5. Explain the concept of declining marginal returns in the case of production in the short term.
Provide examples.
(15 Marks)

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Managerial Economics

UNIT TITLE: ___________________________________________________

NAME (in Full): ___________________________________________________

• All assignments are to be submitted on 29th March 2024 on

• APA 7th edition referencing guidelines needs to be followed.

• Revaluation cannot be requested for plagiarized assignments as the assignment stands as an

• Second extension cannot be provided without supporting documentary evidence.

©Al Tareeqah Management Studies - 2024 1

Plagiarism is defined as providing material from an uncredited source, or without the

o Outright copying another author’s work without acknowledgement

The plagiarism tolerance for MBA is 8 %.

©Al Tareeqah Management Studies - 2024 2

Qty VC FC TC AVC ATC MC

Price increases from $100 to $110 quantity demanded doesn’t move.

©Al Tareeqah Management Studies - 2024 3

Price of A decreases from $3.5 to $3, quantity demanded of B moves from 10 to 9.

©Al Tareeqah Management Studies - 2024 4

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