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MS-09 : Managerial Economics Assignment Questions

MS-09 : Managerial Economics

Assignment Code : 9/TMA/SEM-II/2009

Attempt All the Questions.

1. “The Equi-Marginal Principle can be applied to both consumption as well as production.” Discuss this statement with the help of an example.

2. ‘Determinants of demand include factors that determine the amount that will be purchased at each price.’ Briefly explain.

3. The demand and supply conditions of a product are represented by the following equations:

Aggregate Demand : Q = 15-0.3P

Aggregate Supply : Q = 5- 0.1P

Calculate the equilibrium price.

4. Critically evaluate characteristics of Perfectly Competitive market along with characteristics of Monopoly market situation highlighting their relevance in real world.

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