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This particular Assignment references the syllabus chosen for the subject of Economics, for the January 2024 - July 2024 session. The code for the assignment is MS-09 and it is often used by students who are enrolled in the MBA (MS) Degree.
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IGNOU MS-09 (January 2025 – July 2025) Assignment Questions
1. Explain the objectives of a firm. How is profit maximization one of the most important objectives of a firm?
2. What is Price Elasticity? Explain Point Price Elasticity. Calculate Point Price Elasticity from the price and quantity given below:
3. Discuss the Law of Diminishing Marginal Returns. Explain the Stages of Production under Diminishing Marginal Returns based on the behaviour of Total Product (TP), Average Product (AP) and Marginal Product (MP)
4. Differentiate between the following:
(a) Total Cost, Average Cost & Marginal Cost
(b) Short Run and Long Run Costs
5. “Classification of markets is based on their characteristics”. Substantiate this statement with reference to Monopoly and Oligopoly market structures.
6. Write short notes on the following:
a. Three Choice Problems of an Economy
b. Determinants of Demand
c. Price Leadership
IGNOU MS-09 (January 2024 – July 2024) Assignment Questions
1. “Decision trees are particularly useful if sequential decision-making is involved.” In light of the above statement explain the concept of decision trees with the help of diagram.
2. Elaborate on the concept of Point Price Elasticity with the help of a numerical example.
3. “Several methods exist for the measurement of the actual cost-output relation for a particular firm or a group of firms.” Discuss the broad approaches such as accounting, engineering and econometrics for measuring the actual cost-output relation.
4. “The form of price discrimination, which is based on the volume of consumer purchases, is very common and is known as second degree price discrimination”. Explain second degree price discrimination with the help of an example and diagram.
5. The most extreme form of the collusive agreement is known as a cartel. Discuss profit maximization theory in detail.
The IGNOU open learning format requires students to submit study Assignments. Here is the final end date of the submission of this particular assignment according to the university calendar.
30th April (if Enrolled in the June Exams)
31st October (if Enrolled in the December Exams).
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