MMPC-10 Solved Assignment 2023

Description

ASSIGNMENT

Course Code : MMPC-010

Course Title : Managerial Economics

Assignment Code : MMPC-010/TMA/JAN/2023

Coverage : All Blocks

Note: Attempt all the questions and submit this assignment to the coordinator of your study centre. Last date of submission for January 2023 session is 30th April, 2023 and for July 2023 session is 31st October, 2023.

1. What is Opportunity Cost? Explain with the help of an example why assumption of constant opportunity costs is very unrealistic.
2. Explain law of demand with the help of a demand schedule and demand curve. Does law of demand exist in the real world, explain with the help of an example.
3. How are Isoquants different from Isocost? Illustrate using graphs. 
4. Monopoly has been stated as undesirable? Take any real life example of Monopoly in India and state its advantages and disadvantages.
5. Write short notes on the following:-

(a) Value Maximization

(b)Direct Costs and Indirect Costs

(c) Bundling 

MMPC10, MMPC 10