Description
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
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