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NMIMS SOLVED ASSIGNMENTS JUNE 2022 NMIMS SOLVED ASSIGNMENTS MBA Assignment Solutions Project Report & Thesis Contact: Prakash Call: +919741410271 Email: smu.assignment@gmail.com   Business Economics   1. Assume that a consumer consumes two commodities X and Y and makes five combinations for the two commodities: TABLE BELOW Combination Units of X Units of Y A 25 3 B 20 5 C 16 10 D 13 18 E 11 28   Calculate Marginal rate of Substitution and explain the answer. 2. Elaborate the term Total Revenue and Marginal revenue also calculate TR and MR in the given table Price Output (In Units) Total Revenue Marginal Revenue 20 1     18 2     16 3     14 4     12 5       3.a. From the given Demand Schedule for air tickets, calculate elasticity of demand. Price of Air Ticket (Per Ticket) Quantity Demanded (Tickets per month) 1,00,000 5,000 1,20,000 3,500   3.b. Elaborate the term Elasticity of Supply and explain any three factors that determines elasticity of supply.   Financial Accounting &