ASSIGNMENT
Course Code : MS-9
Course Title : Managerial Economics
Assignment Code : MS-9/TMA/SEM-II/2016
Coverage : All Blocks
Note: Attempt all the questions and submit this assignment on or before 31st October, 2016 to
the coordinator of your study centre.
1. Describe Incremental Cost. Differentiate between Incremental Cost and Equi- Marginal
Principle. Explain how does consumer maximize utility with the help of Equi-Marginal
Principle?
2. A firm’s demand function is given as P=32-6Q and the average cost function as AC=Q2
–
7.5Q+50+2/Q. Calculate the level of output Q which:-
a) maximizes total revenue
b) maximizes profits
3. Discuss Long- Run Cost Functions. Why long run cost curve is called a planning curve
and explain how does it help in future decision making process?
4. Why is there a kink in the market demand curve of oligopolists? Explain price rigidity of
the Kinked Demand Curve.
5. Briefly describe the characteristics of perfect competition, monopoly, monopolistic
competition, and oligopoly markets. Identify any four products one each from these
markets.
6. Write short notes on the following:-
a) Direct and Indirect Costs
b) Price Leadership
c) Peak Load Pricing
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(Last 5 year solved question
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