Description
ASSIGNMENT
Course Code :MMPC-010
Course Title :Managerial Economics
Assignment Code :MMPC-010/TMA/JAN/2025
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 2025 session is 30th April, 2025
and for July 2025 session is 31st October, 2025.
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. “The main determinant of elasticity is the availability of substitutes.” Explain this
statement in the context of price elasticity of demand.
3. What are different types of statistical analyses? Explain the limitations of different types
of statistical analyses.
4. What are the conditions of entry of new firm in an industry or a market? Explain the
factors determining the conditions of entry.
5. Write short notes on the following:-
a) Law of Demand
b) Characteristics of Monopolistic Competition
c) Economies of Scope
d) Transfer Pricing
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