This document contains an assignment question paper for a Managerial Economics course. It includes 6 questions assessing different topics in economics. The questions range from 2 to 10 marks and require defining key terms, explaining concepts, and discussing practical applications and scopes of economic phenomena. Students are to answer all questions, with 10 mark questions requiring answers of approximately 400 words. The paper evaluates students on their understanding of inflation, monopoly, price discrimination, monopolistic competition, perfect competition, price and income elasticity, and the scope of managerial economics.

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ASSIGNMENT QUESTION PAPER
DRIVE FALL 2014
PROGRAM MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2
SEMESTER 1
SUBJECT CODE & NAME MB0042- MANAGERIAL ECONOMICS
BK ID B1625
CREDIT & MARKS 4 Credits, 60 marks
Q.No Questions Marks Total Marks
1
Inflation is a global Phenomenon which is associated with high price causes decline
in the value for money. It exists when the amount of money in the country is in
excess of the physical volume of goods and services. Explain the reasons for this
monetary phenomenon.
Define Inflation 2
Causes for Inflation 8 10
2
Monopoly is the situation there exists a single control over the market producing a
commodity having no substitutes with no possibilities for anyone to enter the
industry to compete. In that situation, they will not charge a uniform price for all
the customers in the market and also the pricing policy followed in that situation.
Define Monopoly 2
Features of Monopoly 4
Kinds of Price Discrimination 4 10
3
Define monopolistic competition and explain its characteristics.
Definition of monopolistic competition 2
Explanation of its characteristics 8 10
4
When should a firm in perfectly competitive market shut down its operation?
Define perfect competition 2
Explanation about the reason for the firm’s shut
down in perfect competition
8 10
5
Discuss the practical application of Price elasticity and Income elasticity
of demand.
Practical application of price elasticity 5
Practical application of Income elasticity 5 10

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6
Discuss the scope of managerial economics.
Definition of Managerial Economics 2
Scope of Managerial Economics 8 10
Note – Answer all questions. Kindly note that answers for 10 marks questions should be approximately
of 400 words. Each question is followed by evaluation scheme.