IGNOU MMPC 10 SOLVED ASSIGNMENT

Ques 1.

"The Equi-Marginal Principle can be applied to both consumption as well as production". Discuss this statement with the help of an example.

Ques 2.

"The main determinant of elasticity is the availability of substitutes." Explain this statement in the context of Price elasticity of demand.

Ques 3.

Differentiate between Isocost and Isoquants. Analyze graphically, how an optimal combination of inputs can be arrived in the long run using Isocost and Isoquant.

Ques 4.

Critically analyze pricing decisions under Perfect Competition and under Monopoly.

Ques 5.

Explain Price Discrimination. Does Price Discrimination exist in the real world? Discuss with reference to any particular product or service.

Ques 6.

"The Equi-Marginal Principle can be applied to both consumption as well as production". Discuss this statement with the help of an example.

Ques 7.

"The main determinant of elasticity is the availability of substitutes." Explain this statement in the context of Price elasticity of demand.

Ques 8.

Differentiate between Isocost and Isoquants. Analyze graphically, how an optimal combination of inputs can be arrived in the long run using Isocost and Isoquant.

Ques 9.

Critically analyze pricing decisions under Perfect Competition and under Monopoly.

Ques 10.

Explain Price Discrimination. Does Price Discrimination exist in the real world? Discuss with reference to any particular product or service.

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