MS-09

Management Programme

ASSIGNMENT
SECOND SEMESTER
2010

MS-09: Managerial Economics

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School of Management Studies

INDIRA GANDHI NATIONAL OPEN UNIVERSITY
MAIDAN GARHI, NEW DELHI – 110 068
 MS- 09: MANAGERIAL ECONOMICS

ASSIGNMENT

Course Code : MS- 09

Course Title : Managerial Economics
Assignment Code : 9/TMA/SEM-II/2010
Coverage : All Blocks

Attempt All the Questions.

1. “A close relationship between management and economics has led to the

development of managerial economics.” Explain this statement

2. Given a firm’s demand function, P = 24 - 0.5Q and the average cost

function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q
which a) maximizes total revenue
b) maximizes profits

3. Briefly describe the Optimal Combination of inputs with the help of an

example.

4. Does Price Discrimination exist in the real world? Discuss with

reference to any particular product or service.

5. Write short notes on the following :-

a) Market Demand Schedule

b) Peak Load Pricing
c) Income Elasticity of Demand