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Ms-09 Managerial Economics Question and Answer
Course: Master of Business Administration
Fully Solved: Yes
MS-09 Solved Assignment 2021 – Managerial Economics Question and Answer
1. Explain Equi Marginal Principle. Discuss how a rational decision maker would allocate resources in such a way that the ratio of marginal returns and marginal costs of various uses is the same?
2. How does market demand curve calculates the total of the quantities demanded by all individual consumers in the economy or market area?
3. How can Price Elasticity be estimated for many goods and services? Explain the influence of Price Elasticity on decision making.
4. Explain the Law of Diminishing Marginal Returns. How does the Marginal Product of the variable input declines when other inputs are kept constant?
5. Describe the characteristics of a perfectly competitive market. Explain giving an example.
6. Write short notes on any two of the following:-
(a) Constrained Optimisation Technique.
(b) Expert opinion
(c) Breakeven Ouput Level