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Course Code: DECO405

Course Title: MANAGERIAL ECONOMICS

ASSIGNMENT 2

Maximum Marks: 20

Ques1: Answer the following

(a)What is economies of scale?


(b) What is price discrimination?
(c)What is explicit and implicit cost?
(d)Define total and marginal revenue.
(e)Define fixed and variable cost with example?
[2*5=10]

Ques2: Explain the monopoly market its features and output?


[5]

Ques3: Differentiate between price determination under


perfect competition in long run and short run?[5]

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