DIRECTORATE OF DISTANCE LEARNING

EDUCATION
G.C UNIVERSITY, FAISALABAD
PROGR SUBJECT MARKS
AM
M.COM MANAGERIAL 100
1st ECONOMICS
Semester

Assignment No.1
Note: Attempt all following Five questions. All questions carry
equal marks (20 marks for each question).

Q #1:

a) What is nature and scope of managerial economics?

b) Explain the theory of firm and its alternative theories.

Q # 2:

a) Define the following terms

1. Business Profit

2. Economic Profit

3. Business Ethics

4. Globalization

5. Econometrics

b) Define the functions and theories of Profit.

Q # 3: What is optimization analysis? Explain the different approaches of optimization analysis.

Q # 4: What is Demand? Explain price elasticity of demand and income elasticity of demand.
Q # 5: What is production function? Explain the law of diminishing return and stage of
production.

NOTE: Only personal hand written assignments will be acceptable that should be compatible with the
students hand writing in the final test.

Name of tutor for assignment submission

Last date of first assignment
Last date of Second assignment