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Ignou MBA Solved Assignments
IGNOU MBA Solved Assignments

MS-09 Solved Assignments Managerial Economics

Rs. 200.00

  • Version: Jan - June 2014

Solutions Available: Yes

Q. What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic?
Answer. Unlike most costs discussed in economics, an opportunity cost is not always a number....... The opportunity cost of a choice is the value of the best alternative......

Q. Explain law of demand with the help of a demand schedule and demand curve.
Answer. The law of demand states that other factors being constant, price and quantity demand of any good.... There are theoretical cases where the......

Q.Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2

Q. "Cost function expresses the relationship between the cost and its determinants." Discuss this statement giving examples from any firm of your choice.
Answer. The cost function is defined for all possible output vectors and all positive input price....

Q. "A characteristic of oligopolistic market is that, once the general price level is established it tends to remain fixed for an extended period of time." Discuss the economic rationale underlying this phenomenon.
Answer. Oligopolistic competition can give rise to a number of diverse outcomes. An oligopolist favors non-price competition to prevent price wars...... The degree of market concentration is very high......

Q. In any firm of your choice, try to find the effect of change in demand and change in supply on price and quantity of product.
Answer. A change in demand will cause equilibrium price and output to change in....... and using them to determine the consequences of changes in demand, supply, or both.......

Q. Write short notes on the following:
(a) Value Maximization
(b) Envelope Curve
(c) Peak Load Pricing
Answer. An envelope curve is formed by enveloping the short run average cost curves and it helps the entrepreneur.........
Charging the highest possible prices in accordance with the rising demand for a service.......

MS-09 Solved Assignment IGNOU MBA

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