MAM 053 Solved Assignment 2024-25

 

MAM 053 Solved Assignment 2024-25

Managerial Economics and Finance in Agribusiness

MAM 053 Solved Assignment 2024-25 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

Assignment Code: ASST/ MAM 053 /2024-25

Marks: 100

Q1. What do you understand by demand and demand function? Explain the law of demand.

Demand refers to the quantity of a good or service that consumers are willing and able to buy at various prices during a specific period, all other factors being equal. It's essentially the desire or willingness backed by purchasing power. Demand is influenced by various factors such as price, income, tastes and preferences, prices of related goods, and expectations about future prices and income.

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A demand function is a mathematical expression that shows how quantity demanded depends on its determinants such as price, income, and the prices of related goods. It represents the relationship between the quantity demanded of a good or service and the factors affecting it. Mathematically, it's often represented as:

The law of demand is a fundamental principle in economics that describes the relationship between the price of a good or service and the quantity demanded by consumers, assuming other factors remain constant. It states:

"All else being equal, as the price of a good or service increases, the quantity demanded for that good or service decreases, and as the price of a good or service decreases, the quantity demanded for that good or service increases."

This law is depicted graphically as a downward-sloping demand curve, where the vertical axis represents the price and the horizontal axis represents the quantity demanded. The negative slope of the demand curve reflects the inverse relationship between price and quantity demanded. The law of demand is based on the intuitive understanding that as the price of a good falls, consumers are more willing and able to buy more of it, and vice versa.

Q2. What is forecasting? Discuss the methods of forecasting.

Q3. Explain the relationship among different cost curves in the short run.

Q4. What do you understand by accounting principles? Explain in brief the accounting principles.

Q5. Discuss the systems for recording transactions in accounts.

Q6. What is meant by the manufacturing account? What are the costs included in the manufacturing account?

Q7. What is a fund flow statement? Explain the steps in preparing the preparation of a fund flow statement.

Q8. Define risk and uncertainty. Discuss the components of risk in the agriculture production function.

MAM 053 Solved Assignment 2024-25 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

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