MBA 502 Economic Analysis for Business Assignment

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Reference no: EM133081980

MBA 502 Economic Analysis for Business

Question 1. Proponents of the free market claim that Government intervention to fix a maximum selling price for certain commodities and a minimum wage for workers in certain trades cause serious ‘market distortions' while Government finds good reason to take such actions. You are required to:

(a) State 3 unfavourable consequences that would result from the fixing of maximum retail prices, supporting your answer with the relevant diagram.
(b) State 2 negative effects that would flow from the fixing of minimum wages, supporting your answer with the relevant diagram.

Question 2. Most of the CEOs' cannot understand as to how the Economies of Scale (EoS) reduce the unit cost in mass scale operations. Take a company of your choice involved in mass scale production and explain how the dimensions of EoS contribute towards reduction of unit cost for the company. You may use appropriate examples to emphasize the facts.

Question 3. Discuss the role of Central Bank of Sri Lanka critically and objectively based on the current economic situation in Sri Lanka.

Question 4. The government revenue has visibly come down during the year 2021. Even prior to that, revenue generation has been a perennial issue in Sri Lanka. Assume that you have been appointed as an Advisor to the President, make recommendations to increase the government revenue from the perspectives of Inland Revenue Department, Customs Department and the Excise Department.

Question 5. Loss making State Owned Enterprises (SOEs) create a significant negative impact as a nation in many dimensions. Explain as to how such colossal loses incurred by SOEs' create a negative impact over the economy of Sri Lanka.

Question 6. Geo-Politics has a direct and indirect impact not only on a nation's economy but also on the corporate sector in that country. Taking China as an example, critically analyse the impact of China on the Sri Lankan economy and the corporate sector in Sri Lanka with adequate rationale.

Attachment:- Economic Analysis for Business.rar

Reference no: EM133081980

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