©Al Tareeqah Management Studies – 2022 1
Managerial Economics
SBS – MBA/MSC
Assignment – 2022
STUDENT ID
UNIT TITLE: ___________________________________________________
NAME (in Full): ___________________________________________________
GENERAL INSTRUCTIONS
• All assignments are to be submitted on 11th August 2022 to assignmentsubmission123@gmail.com until further
notice.
• Any Assignment submission extension request must come to Azra Fatima (Head: Examination | Academic)
afatima@atmsedu.org 5 days before the date of submission with a valid reason and supported documentary
evidence.
• If a program participant submits the assignment late, but within 1 week after the submission date a 20% penalty
will be applied.
E.g.: If a student scores 90 in an assignment, the final mark will be 76 after penalty is imposed.
• Any Assignment submission extension request must come to Azra Fatima (Head: Examination | Academic) –
afatima@atmsedu.org 5 days before the date of submission with a valid reason and supported documentary
evidence.
• 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 reevaluation 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)
• Reevaluation cannot be requested for plagiarized assignments as the assignment stands as an academic
misconduct.
• Reevaluation request is only 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 should come and fulfilled within one week after the actual date of the assessment. Any
late request will not be obliged.
• If a program participant submits the assignment after 1 week from the submission date, without any prior
approval, then the student is deemed to fail the course.
• Assignment once submitted to exam board is final for marking
• Program participants are strongly advised to keep a copy of their work in case the submitted copy should go astray.
©Al Tareeqah Management Studies – 2022 2
• Total 90 marks. 10 Marks for Class Attendance. Final marks will be converted
to 90 marks.
PS. Kindly note to adhere to all the above instructions. Failing to read this, ATMS will not be responsible for any actions
taken.
GUIDELINES FOR ASSIGNMENT
a) If assignment is Question & Answer based then.
• Introduction is needed for each question.
• Question has to be answered based on the mark allotted for each question with references if any idea
or information is taken from other source.
b) If assignment is case based then,
• Executive summary
• Table of content
• Introduction
• Body of assignment (questions related to case need to be answered)
• Conclusion / Recommendation if any
• References (in-text + citation) to be used.
Total Marks / 90
PLAGIARISM
Plagiarism is a form of cheating, by representing someone else’s work as your own or using someone else’s work
(another student or author) without acknowledging it with a reference. This is a serious breach of the Academic
Regulations and will be dealt with accordingly. Students found to have plagiarized can be excluded from the
program.
Plagiarism occurs whenever you do any of the following things without acknowledging the original source:
✓ Copy information from any source (including the study guide, books, newspapers, the internet)
✓ Use another person’s concepts orideas
✓ Summarize or paraphrase another person’s work.
How do I avoid plagiarism?
To ensure you are not plagiarizing, you must acknowledge with a reference whenever you:
✓ use another person’s ideas, opinions or theory
✓ include any statistics, graphs or images that have been compiled or created by another person or organization
✓ Paraphrase another’s written or spokenword.
What are the penalties?
The penalties for plagiarism are:
✓ Deduction of marks,
✓ A mark of zero for the assignment or the unit, or
✓ Exclusion from the program.
Plagiarism is dealt with on a case-by-case basis and the penalties will reflect the seriousness of the
breach. Please note claiming that you were not aware of need to reference is no excuse.
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Answer all the Questions.
Total: (50 Marks) Wordcount: 1000-1100 words
I. Explain how the reopening of the economy after the Covid-19 lockdowns and then the war
in Ukraine has impacted the supply and demand of petrol. Using a business sector of activity
(e.g. technology, transportation, retail, …) of your choice as an example, further explain the
consequences of these changes on price, consumption and economic profitability for
consumers and companies.
Tips: You must consider the impact on supply and demand in a first step, then how this impacts
the economy. Reference is required in this question with a goal of 10 unique
academic/professional references. Structure this response as an essay with an introduction and
conclusion. A graph or two can be included.
II.1. The Peto Company manufactures pet food cans. 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 $100
200 $300
300 $500
400 $700
500 $800
600 $120
(10 Marks)
II.2. Explain the characteristics of perfect competition in terms of demand, price, quantity and
profits at equilibrium. Why does perfect competition achieve productive and allocative
efficiency? What are the limitations that prevent this market structure from developing in real
life?
(15 Marks) Wordcount: 200-250
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II.3. Critically evaluate and explain:
a. A firm in a perfectly competitive market should always shut when its marginal
revenue is below its average cost (equivalent to average total cost).
b. The intersection of marginal revenue and marginal cost determines the quantity
at which a business in a perfectly competitive market is profitable.
(15 Marks) Wordcount: 200-250
