7/25/2019 GBS 514 Assignment
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MBA MANAGERIAL ECONOMICS, DISTANCE MODE, PRESESSIONAL
ASSIGNMENT, 2016
INSTRUCTIONS
1. You can work in a group of up to six students2. Answer one of
the questions only
3. Similar answers are allowed but identical answers will be
gien !ero mark for all the
groups with the identical answer
". #wo tests will be written after lectures. #he assignment will
be the third assessment. #$%
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5. +ast day for submitting the assignment is last day of
lectures.
QUESTION ONE
,n 1661 the 7ambian goernment liberali!ed the market for mai!e.
Subsequently8 it created the
4ood )esere Agency 94)A: to keep a certain amount of mai!e for
strategic reason 99that is to
help in stabili!ing the price of mai!e as wild fluctuations of
mai!e price 9price olatility: is not
healthy for the economy::. #his mechanism meant that mai!e
millers were going to be buying
mai!e from priate mai!e producers for the most part and from 4)A
when goernment decides
that strategic mai!e should be sold to millers.
'hat you are required to do;
1. 4ind out what the actual practice by 4)A and the main mai!e
millers is in 2
7/25/2019 GBS 514 Assignment
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QUESTION TWO
-hoose a real life 7ambian business enterprise 9firm: from which
you can get information. *sing
your knowledge of economics8 determine the type of market this
firm operates in. #hen8 find out
how this firm has been going on in doing its business and;
1. ,f this firm has been behaing appropriately gien the type of
market it has been
operating in8 support your conclusion by giing eidence of the
right economics actions
which this firm has been taking.
2. ,f this firm has been behaing inappropriately gien the type
of market it has been
operating in8 support your conclusion by giing eidence of the
wrong economics actions
which this firm has been taking.
&; Superficial discussion of the economic actions and
underlying economic principles
will entail getting ery poor marks.
20 Marks
LECTURER: DR. SUMBYE APENA !0"#60$0%$#&
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