ASSIGNMENT- 1

1.

What is managerial economics? Explain its focus are as

2. Point out the importance of managerial economics in decision making
3. What are the contributions and limitations of economic analysis in business decision
making
4. Discuss the nature & Scope of Managerial economics
5. Managerial Economics is the study of allocation of resources available to a firm or
other unit of management among the activities of that unit explains.

ASSIGNMENT- 2
1. What is meant by elasticity of demand? How do you measure it? What are
determinates of elasticity of demand?
2. What is the utility of demand forecasting? What are the criteria for a good forecasting
method?
3. What is promotional elasticity of demand? How does if differ from cross elasticity of
demand.
4. Explain in law of demand. What do you mean by shifts in demand curve?
5. What is cross elasticity of demand? Is it positive for substitute or complements? Show
in a diagram relating to the demand for coffee to the price of tea?

ASSIGNMENT- 3
1. Why does the law of diminishing returns operate? Explain with the help of a diagram.
2. Explain the nature and uses of production function.
3. Explain and illustrate lows of returns to scale.
4. (a). Explain how production function can be mode use of to reduce cost of production.
(b). Explain low of constant returns? Illustrate.
5. Define production function, explain is equate and is cost curves.

ASSIGNMENT- 4

1. What cost concepts are mainly used for management decision making? Illustrate.
2. Write short notes on: (i) Suck costs (ii) Abandonment costs
3. Define opportunity cost. List out its assumptions & Limitation.
4. (a) Explain the utility of BEA in managerial decision making
(b) How do you explain break even chart? Explain.

ASSIGNMENT- 5
1. Define monopoly. How is price under monopoly determined?
2. Explain the role of time factor in the determination of price. Also explain price-O/P
determination in case of perfect competition.
3. (a) Distinguish between perfect & imperfect markets (b) What are the different market
situations in imperfect competition.
4. Perfect competition results in larger O/P with lower price than a monopoly Discuss.
5. What is price discrimination? Explain essential conditions for price discrimination.