MD. ZAKIR
Shared publicly - May 16 2020 11:05PM
Assignment Questions
MANAGERIAL ECONOMICS – MBA (SEM-II) Assignment
Answer any five
Q1. Explain the equi-marginal principle. Elucidate with the help of examples.
Q 2. Discuss any five variables, which can be included in the demand function and can have a major impact on the demand.
Q 3.
(a) What are Short- run Cost Functions, and the costs incurred in the short run? Give examples.
(b) Describe the relationship between Marginal cost and Average costs.
Q 4. What do you understand describing the regression explain why it is important by demand forecasting? While method of demand forecasting, for the firm to forecast demand. 20
Q 5. Distinguish between the following with the help of illustrations
(a) Fixed costs and Variable costs
(b) Short run costs and Long-run costs
(c) Direct costs and Indirect costs
(d) Total cost, Average cost and Marginal cost
(b) Explain why profit is maximum at a level where MC = MR. Is profit always maximum when MC= MR? Comment.
Q 6. Distinguish between the following with the help of illustrations
(a) Arc elasticity and Point elasticity
(b) Income elasticity and Cross elasticity
Q 7. Explain the relationship between marginal cost, average cost and total cost assuming a short-run non-linear cost function. Explain the concept graphically also.