ASSIGNMENT

CPDCO 102 - MANAGERIAL ECONOMICS
Assignment -1 5 X 3 = 15
1. Outline the chief characteristics of managerial economics. How is macro economics useful in managerial activities?
2. Explain with the help of imaginary figures the relationsjip between fixed cost, variable cost, total cost and marginal cost
3.What are the important pricing issues relating to telecommunication sector in the wake of competition?
4. What are the different types of pricing strategies? Also discuss their relative uses
5. Review the growth in basic and cellular market
Assignment -2 5 X 3 = 15
6. Examine Price – output decisions under pure monopoly
7. What are the factors which determine Price elasticity of demand?
What role does Prince elasticity of demand play in decision-making by business firms?
8.Distinguish between economic costs and accounting costs. Which should be taken into account for calculating the economic profits of the firms
9. Define perfect market. Explain price determination in perfect  competition
10. Define economics of scale. Explain its classification and scope