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## MMPC-010 Managerial Economics Solved Assignment 2024

Course Code : MMPC-010
Course Title : Managerial Economics
Assignment Code : MMPC-010/TMA/JAN/2024
Coverage : All Blocks

Title Name

#### MMPC-010 Solved Assignment 2024

University IGNOU
Service Type Solved Assignment (Soft copy/PDF)
Course MBA and MBA (Banking & Finance)
Language ENGLISH
Semester 2024 Course: MBA
Session January 2024 and July 2024 sessions
Short Name MMPC-010
Assignment Code MMPC-010/TMA/JAN/2024
Product Assignment of MBA and MBA (Banking & Finance) 2024 (IGNOU)
Submission Date Last date of submission for Jan Session is 30th April and for July
Session is 31st October.
Price RS.50

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:
 Decision Tree
 Tastes and Preferences as determinants of demand
 Economic and Technical Efficiency
 Monopoly

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