MS-09

Management Programme

ASSIGNMENT FIRST SEMESTER 2014

MS - 09: Managerial Economics

Sc ool o! Management St"#ies IN$IRA GAN$%I NATI&NA' &PEN (NI)ERSIT* MAI$AN GAR%I+ NE, $E'%I - 110 0./

ASSIGNMENT 0o"rse 0o#e : MS-09 0o"rse Title : Managerial Economics Assignment 0o#e : MS-091TMA1SEM-I12014 0o2erage : All 3loc4s Note : Attempt all the questions and submit this assignment on or before 30th April, 2014 to the coordinator of your study center. 1. What is opportunity cost !"plain #ith the help of an e"ample, #hy assumption of constant opportunity cost is $ery unrealistic

2. %a& !"plain la# of demand #ith the help of a demand schedule and demand cur$e. %b& 'alculate point elasticity of demand for demand function ()10*2p for decrease in price from +s 3 to +s 2 3. 4. ,'ost function e"presses the relationship bet#een the cost and its determinants..iscuss this statement gi$ing e"amples from any firm of your choice. ,A characteristic of oligopolistic mar/et is that, once the general price le$el is established it tends to remain fi"ed for an e"tended period of time.- .iscuss the economic rationale underlying this phenomenon. 1n any firm of your choice, try to find the effect of change in demand and change in supply on price and quantity of product. Write 3hort 4otes on the follo#ing: %a& %b& %c& 5alue 6a"imi7ation !n$elope 'ur$e 8ea/ 9oad 8ricing

0. 2.