ASSIGNMENT
Course Code : MS-9
Course Title : Managerial Economics
Assignment Code : 9/TMA/SEM-I/2011
Coverage : All Blocks
Note: Assignments Solved by www.distpub.com
1. Given the profit function of a firm in the form of table, calculate total profit, average profit and marginal profit and differentiate between incrementalism and marginalism.
| Unit of Output | Total Revenue | Total Cost | Total Profit | Average Profit | Marginal Profit |
| 1 | 10 | 5 | | | |
| 2 | 30 | 18 | | | |
| 3 | 50 | 29 | | | |
| 4 | 70 | 38 | | | |
2. Define Price Elasticity. Explain the determinants of Price Elasticity.
3. ‘To an economist the fixed costs are overhead costs and to an accountant these are indirect costs.’ Substantiate this statement with the help of an example.
4. What effect does change in demand have on price and quantity? Discuss with reference to pricing analysis of markets by giving illustrations.
5. Write short notes on the following :-
a) Market Experiments
b) Bundling of services
c) Product Differentiation
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