{"id":2874,"date":"2020-05-19T07:38:22","date_gmt":"2020-05-19T07:38:22","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=2874"},"modified":"2020-05-19T08:34:41","modified_gmt":"2020-05-19T08:34:41","slug":"business-economics-nmims-assignment-answers-2020","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/business-economics-nmims-assignment-answers-2020\/","title":{"rendered":"Business Economics (NMIMS) Assignment Answers 2020"},"content":{"rendered":"<h2><strong>NMIMS Assignment Solved: Business Economics Assignment Questions 2020<\/strong><\/h2>\n<blockquote><p>Looking for NMIMS Assignment: Business Economics <a href=\"https:\/\/assignmenttask.com\/answers\/\"><strong>Assignment Answers<\/strong><\/a> 2020? Grab the opportunity to find <a href=\"https:\/\/assignmenttask.com\/free-samples\/\"><strong>free assignment sample<\/strong><\/a> related to all subjects in your Academic. Assignmenttask.com is proud to offer <a href=\"https:\/\/assignmenttask.com\/assignment-help.html\"><strong>online assignment help<\/strong><\/a> to the students of Australia, UK and USA.<\/p><\/blockquote>\n<p style=\"text-align: center;\"><a href=\"https:\/\/assignmenttask.com\/answers\/business-economics-nmims-assignment-answers-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-2875 size-full lazyload\" title=\"Business Economics (NMIMS) Assignment\" data-src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Business-Economics.png\" alt=\"Business Economics\" width=\"700\" height=\"600\" data-srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Business-Economics.png 700w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Business-Economics-300x257.png 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Business-Economics-315x270.png 315w\" data-sizes=\"(max-width: 700px) 100vw, 700px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 700px; --smush-placeholder-aspect-ratio: 700\/600;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-2875 size-full\" title=\"Business Economics (NMIMS) Assignment\" src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Business-Economics.png\" alt=\"Business Economics\" width=\"700\" height=\"600\" srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Business-Economics.png 700w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Business-Economics-300x257.png 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Business-Economics-315x270.png 315w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/noscript><\/a><\/p>\n<p><strong>Assignment Details:<\/strong><\/p>\n<p><strong>Number of Words &#8211; 1500<\/strong><\/p>\n<p><strong>Course<\/strong>: <strong>Business Economics<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Assignment Marks: 30<\/strong><\/p>\n<p><strong>1).<\/strong>\u00a0 The concept of elasticity for demand is importance for determining the prices of various factors of production. Discuss the various factors that influences the price elasticity of demand\u00a0 <strong>(10 Marks)\u00a0<\/strong><\/p>\n<p><strong>2).<\/strong>\u00a0 Complete the hypothetical table below and explain in brief, the behaviour of each type of cost.\u00a0\u00a0\u00a0\u00a0 <strong>(10 Marks)<\/strong><\/p>\n<table style=\"height: 577px;\" width=\"762\">\n<tbody>\n<tr>\n<td width=\"73\">Quantity<\/td>\n<td width=\"65\">Total<\/p>\n<p>Fixed Cost<\/td>\n<td width=\"69\">Total<\/p>\n<p>Variable Cost<\/td>\n<td width=\"63\">Total Cost<\/td>\n<td width=\"69\">Average<\/p>\n<p>Fixed Cost<\/td>\n<td width=\"69\">Average<\/p>\n<p>Variable Cost<\/td>\n<td width=\"69\">Average<\/p>\n<p>Total Costa<\/td>\n<td width=\"73\">Marginal Cost<\/td>\n<\/tr>\n<tr>\n<td width=\"73\">0<\/td>\n<td width=\"65\"><\/td>\n<td width=\"69\">0<\/td>\n<td width=\"63\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"73\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\">1<\/td>\n<td width=\"65\"><\/td>\n<td width=\"69\">25<\/td>\n<td width=\"63\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"73\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\">2<\/td>\n<td width=\"65\"><\/td>\n<td width=\"69\">40<\/td>\n<td width=\"63\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"73\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\">3<\/td>\n<td width=\"65\"><\/td>\n<td width=\"69\">50<\/td>\n<td width=\"63\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"73\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\">4<\/td>\n<td width=\"65\"><\/td>\n<td width=\"69\">60<\/td>\n<td width=\"63\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"73\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\">5<\/td>\n<td width=\"65\">100<\/td>\n<td width=\"69\">80<\/td>\n<td width=\"63\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"73\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\">6<\/td>\n<td width=\"65\"><\/td>\n<td width=\"69\">110<\/td>\n<td width=\"63\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"73\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\">7<\/td>\n<td width=\"65\"><\/td>\n<td width=\"69\">150<\/td>\n<td width=\"63\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"73\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\">8<\/td>\n<td width=\"65\"><\/td>\n<td width=\"69\">300<\/td>\n<td width=\"63\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"73\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\">9<\/td>\n<td width=\"65\"><\/td>\n<td width=\"69\">500<\/td>\n<td width=\"63\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"73\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\">10<\/td>\n<td width=\"65\"><\/td>\n<td width=\"69\">900<\/td>\n<td width=\"63\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"69\"><\/td>\n<td width=\"73\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>3).<\/strong> Demand forecasting in an organisations plays a vital role in business organisations. It provides reasonable data for the organization&#8217;s capital investment and expansion decision.<\/p>\n<p>a).\u00a0 Keeping the above statement in consideration. Discuss the various steps involved in demand forecasting <strong>(5 Marks)<\/strong><\/p>\n<p>b).\u00a0 Discuss the various needs for demand forecasting in business organisations? <strong>(5 Marks)<\/strong><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/assignmenttask.com\/order-now.php\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-2843 size-full lazyload\" title=\"Order Now!\" data-src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1.png\" alt=\"Order-now\" width=\"552\" height=\"87\" data-srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1.png 552w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1-300x47.png 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1-360x57.png 360w\" data-sizes=\"(max-width: 552px) 100vw, 552px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 552px; --smush-placeholder-aspect-ratio: 552\/87;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-2843 size-full\" title=\"Order Now!\" src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1.png\" alt=\"Order-now\" width=\"552\" height=\"87\" srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1.png 552w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1-300x47.png 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1-360x57.png 360w\" sizes=\"(max-width: 552px) 100vw, 552px\" \/><\/noscript><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Reference ID: <span style=\"text-decoration: underline; color: #ff0000;\">#getanswers2001215<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NMIMS Assignment Solved: Business Economics Assignment Questions 2020 Looking for NMIMS Assignment: Business Economics Assignment Answers 2020? Grab the opportunity to find free assignment sample related to all subjects in your Academic. Assignmenttask.com is proud to offer online assignment help to the students of Australia, UK and USA. Assignment Details: Number of Words &#8211; 1500 Course: Business Economics &nbsp; Assignment Marks: 30 1).\u00a0 The concept of elasticity for demand is importance for determining the prices of various factors of production. Discuss the various factors that influences the price elasticity of demand\u00a0 (10 Marks)\u00a0 2).\u00a0 Complete the hypothetical table below and <a href=\"https:\/\/assignmenttask.com\/answers\/business-economics-nmims-assignment-answers-2020\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2474],"tags":[331,3182,3181,3185,3183,3186,3184],"_links":{"self":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2874"}],"collection":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/comments?post=2874"}],"version-history":[{"count":4,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2874\/revisions"}],"predecessor-version":[{"id":2888,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2874\/revisions\/2888"}],"wp:attachment":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/media?parent=2874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/categories?post=2874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/tags?post=2874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}