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
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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.
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
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MAM 053 Solved
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