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Course Code : MS-09
Course Title : Managerial Economics
Assignment No. : 9/SEM-II/2007
Coverage : All Blocks

Note : There are five questions in this assignment. Attempt all the questions and send them to the Coordinator of the Study Centre you are attached with.

1. Managerial Economics serves as `a link between traditional economics and the decision making sciences’ for business decision making. Critically comment on the statement taking into account the real world decision problems.

2. Explain the concept of the determinants of demand. How do the determinants of demand affect the price of a particular product? Explain giving examples.

 

 


3. What is the role of Surveys as a source of data in demand forecasting? Explain with the help of an illustration.

4. Explain the Breakeven output level with the help of an illustration. What do you understand by breakeven chart? Explain.

 


5. There are certain factors, which determine the nature of competition. What are these factors and how do they affect the nature of the competition? Explain giving examples.





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