IGNOU MBA Solved Assignment

MS 9 IGNOU MBA Assignments Jan-June 2015

1. “The opportunity cost of anything is the return that can be had from the next best alternative use.” Explain this statement with reference to gun-versus-butter debate. 2. Describe each of the variables of demand function separately with the help of examples. 3. Break-even production of a firm is 4,000 units, its total fixed cost is Rs. 40,000 and the variable cost per unit is Rs. 20. (a) Find out the price of the product. (b) What should be the firm’s output to earn profit contribution of Rs. 20,000? 4. “Price discrimination refers to the situation where a monopoly firm … [Read more...]

MS 9 IGNOU MBA Assignments July – Dec 2014

1. Explain the objectives of a firm. How is profit maximization the most important objective of a firm? Discuss. 2. What are the marketing approaches to demand measurement ? Explain how Delphi Technique is different from Market Experiments Technique. 3. Differentiate between Economies of Scale and Economies of Scope. Give examples . 4. (a) Briefly explain the Profit Maximizing output in the short run (b)Determine the equilibrium price and equilibrium output of the firm under perfect competition, in the following situation: Aggregate Demand: Q = 50 – 1.0p Aggregate Supply: Q = … [Read more...]

MS 9 IGNOU MBA Assignments Jan – June 2014

1. What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic? 2. (a) Explain law of demand with the help of a demand schedule and demand curve. (b) Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2 3. “Cost function expresses the relationship between the cost and its determinants.” Discuss this statement giving examples from any firm of your choice. 4. “A characteristic of oligopolistic market is that, once the general price level is established it tends to … [Read more...]

MS 9 IGNOU MBA Assignment July – Dec 2013

1. Explain the discounting principle. Using the discounting principle calculate the present value of an annuity of five years at Rs. 500 payments made at the end of each of the next five years at 10% interest. 2. With reference to the marketing approach of demand measurement explain any two important sources of data used in demand forecasting. 3. How are Isoquants different from Isocost? Illustrate using graphs. 4. “An analytical tool frequently employed by managerial economists is the break even chart, an important application of cost functions.” Discuss this statement giving … [Read more...]

MS-9 June 2013 Managerial Economics

1. “The Opportunity Cost of a product is the return that can be had from the next best alterative use.” Explain this statement using Production Possibility Curve. 2. Define demand function and explain the impact of price of complements and price of substitutes on demand function. 3. Compare and contrast Economies of Scale and Economies of Scope. Explain why it is important for managers to understand Economies of Scale. 4. Consider a monopolist facing the following demand and cost curves. P = 50 - 2Q C = 25+10Q (Hint: Total demand at any point P will be the summation of two … [Read more...]

MS-09 Dec 2012 Managerial Economics

1. “The relevance of Opportunity Costs is not limited to individual decisions but also to government’s decisions.” Explain giving examples. 2. “If we have two products, A and B, which are substitutes, we can expect that a rise in the price of A (or B) will cause the demand for B (or A) to go up.” Examine this statement with reference to other prices as determinants of demand. 3. Using the output - cost data of a pharmaceutical firm, the following total cost function was estimated using quadratic function TC= 2018 - 6.63Q + 0.011Q2 i) Determine average and marginal cost … [Read more...]