Name: MMPC-010 MANAGERIAL ECONOMICS Solved Question Paper December 2023
SKU: MMPC-010 EM December 2023
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MMPC-010 MANAGERIAL ECONOMICS Solved Question Paper December 2023

MANAGERIAL ECONOMICS
Course Code: MMPC-010

Title Name	MMPC-010 Solved Question Paper December 2023
University	IGNOU
Service Type	Solved Question Paper (Soft copy/PDF)
Course	MASTER OF BUSINESS ADMINISTRATION (MBA) MASTER OF BUSINESS ADMINISTRATION IN BANKING AND FINANCE (MBF)
Language	English
Year	December 2023
Course Code	MMPC-010
Product	Solved Question Paper (IGNOU)

1. What is fundamental nature of Managerial
Economics ? Discuss with reference to the three
choice problems of an economy.
2. “The opportunity cost principle is the return
that can be had from the next best alternative
use.” Explain this statement with the help of an
example.
[ 2 ]
3. What are the variables in the demand function
which have an influence on the demand of a
particular product ? Discuss.
4. Differentiate between arc price elasticity and
point price elasticity ? Explain.
5. Explain production function framework.
Differentiate between short-run and long-run.
6. Explain the difference in the following costs
and discuss their role in managerial decisionmaking :
(i) Accounting and Economic costs
(ii) Implicit and Explicit costs
7. Explain the factors determining the nature of
competition in a market.
8. Explain the pricing under a perfectly
competitive market.