Assignment MS-9 Managerial Economics

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 paper with Assignment solutions)

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