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Get IGNOU MMPC-10 Assignments Soft Copy ready for Download in PDF for (January 2024 - July 2024) in English Language.
Are you looking to download a PDF soft copy of the Solved Assignment MMPC-10 - Managerial Economics ? Then GullyBaba is the right place for you. We have the Assignment available in English language.
This particular Assignment references the syllabus chosen for the subject of Managerial Economics, for the January 2024 - July 2024 session. The code for the assignment is MMPC-10 and it is often used by students who are enrolled in the MBA (New), MBF (New), MBAFM, MBAHM, MBAMM, MBAOM Degree.
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1. “According to the Equi-Marginal principle, different courses of action should be pursued up to the point where all the courses provide equal marginal benefit per unit of cost.” Discuss Equi-Marginal principle with the help of an example.
2. “The income elasticity of demand measures the responsiveness of sales to changes in income, ceteris paribus.” Elaborate upon the concept of income elasticity of demand with the help of an example.
3. Explain the relationship between Average Product & Marginal Product, and Average Variable Cost & Marginal Cost with the help of diagrams.
4. Discuss the profit maximizing output decision by perfectly competitive firms in the long run when all inputs and costs are variable.
5. Write short notes on the following:
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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