Write about the significance and types of entertainment events

Describe the different controlling methods which could be used by an event manager for ensuring successful delivery of the event.

The demand and supply functions of a good are given by QD = 24 − 3P; QS = 4 + 2P where P, Q_D and Q_S denote price, quantity demanded and quantity supplied, respectively. Find the inverse demand and supply functions and the market equilibrium price and quantity.

Explain the Event (Execution Phase) as a significant phase in event management.

Elaborate on the technologies which allow the event manager to create special effects during events

List down the elements of event staging. What aspects should be kept in mind while programming, and designing the main stage for an event?

Illustrate with the help of a diagram, higher the price elasticity of supply, larger will be the per unit tax burden borne by the consumers.

What will be the resultant effects on the labour market if the minimum wage is set below the market equilibrium wage rate?

Write an essay on meetings, conventions, exhibitions and trade shows using suitable examples wherever necessary.

With the help of a diagram show the effect of the minimum wage rule on the labour market given the wage is set above the market equilibrium wage rate.

Is the minimum wage a ‘price ceiling’ or a ‘price floor’? Suppose government decides to set a minimum wage rule.

Elaborate on when to evaluate events .Write in detail about the importance of the Event Evaluation Report.

Differentiate between the cooperative and the non-cooperative behaviour under Oligopoly.

Explain catering operations. Write about any two types of menu options available to an event manager

What is a Cartel? Comment upon the stability of a cartel.

Illustrate a kinked demand curve and discuss why the demand curve has a kink under Oligopoly. Also explain the discontinuity in the shape of the resulting marginal revenue curve. On what does the extent of this discontinuity depends?

A Monopoly faces market demand given by Q = 100 – 2P, where Q stands for quantity and P for price. Total cost function is given by C (Q) = 10Q. Find the profit maximising price and quantity and the resulting profit to the monopoly. Also show that the equilibrium price adheres to the optimal markup rule based on demand elasticity.

Planning for risk prevention and its management

Compare the possibility of earning Economic profit by the firms operating under the three types of markets, viz. perfect competition, monopoly, and monopolistic competition.

Recruitment and Selection