ASSIGNMENT
Course Code : MS-9
Course Title : Managerial Economics
Assignment No. : 9/TMA/SEM-II/2019
Coverage : All blocks
Note: Attempt all the questions and submit this assignment to the coordinator of your study
center on or before 31st October, 2019.
1. How is decision taken under risk? Draw a Decision Tree and explain.
2. Why does demand curve slope downwards and supply curve slope upwards? Explain.
Also differentiate between the movement along a demand curve and shift in the
demand curve with the help of examples.
3. Differentiate between economies of scale and economies of scope. Also explain
internal and external economies and diseconomies of scale.
4. Assume that a travel agent has an agency in three different localities of a city. Explain
whether it is possible for the travel agent to practice price discrimination. What are
the necessary conditions of price discrimination?
5. Explain Short-Run Cost Functions. How is Short Run Average and Marginal Cost
Curves determined?
6. Write short notes on any two of the following:-
(a) Demand Forecasting Techniques
(b) Production Isoquants
(c) Characteristics of Monopoly