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Assignment Questions

Microeconomics

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21 views2 pages

Assignment Questions

Microeconomics

Uploaded by

anshikarohilla78
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment Questions

Micro Economics

1. Explain the Law of Demand with the help of a demand schedule and curve.

2. Discuss the factors that influence market demand for a product.

3. Illustrate and explain the concept of individual and market demand curves.

4. Define price elasticity of demand. Explain its significance with examples.

5. Differentiate between cross elasticity and income elasticity of demand with appropriate examples.

6. What are the determinants of price elasticity of demand?

7. Explain the relationship between price elasticity of demand and total revenue.

8. How does consumer behavior change with the introduction of the concept of substitution effect
and income effect?

9. Explain the concept of marginal utility and how it relates to the law of demand.

10. Define and explain consumer surplus with the help of a diagram.

11. Define production function and explain its importance in microeconomics.

12. Differentiate between short-run and long-run production functions.

13. Explain the Law of Diminishing Marginal Returns with an example.

14. What is the significance of returns to scale in production analysis?

15. Describe the relationship between the total, average, and marginal product in the short run.

16. Explain the concept of Isoquants. How do they differ from Indifference Curves?

17. Discuss the concept of the Marginal Rate of Technical Substitution (MRTS).

18. What is the Cobb-Douglas production function? Discuss its assumptions.

19. Derive the properties of the Cobb-Douglas production function.

20. How does technological progress affect the production function? Illustrate with examples.

21. Differentiate between explicit and implicit costs with examples.

22. Explain the relationship between total cost, average cost, and marginal cost.

23. Discuss the concept of economies and diseconomies of scale with examples.

24. How are short-run cost curves derived from the production function?

25. Define opportunity cost and explain its relevance in decision-making.

26. Explain the concept of marginal revenue and average revenue in different market structures.

27. Discuss the concept of break-even analysis and its importance.

28. How does the long-run average cost curve differ from the short-run average cost curve?
29. What are the different types of cost curves? Illustrate their relationships with diagrams.

30. Explain the concept of sunk cost with examples and its implications for business decisions.

31. Differentiate between perfect competition and monopoly with examples.

32. Discuss the characteristics and price-output determination in a monopolistic competition market.

33. How is the equilibrium price and output determined in a perfectly competitive market?

34. Explain how a monopolist determines price and output in the short run and long run.

35. Compare and contrast monopolistic competition with perfect competition.

36. Discuss the key features of an oligopolistic market structure.

37. Explain the kinked demand curve model of oligopoly.

38. How does product differentiation work in monopolistic competition?

39. What are the various forms of price discrimination? Explain with examples.

40. Discuss the role of advertising in a monopolistic competition market.

41. Explain game theory and its application in oligopoly market analysis.

42. Define collusion in oligopoly. How does it impact market efficiency?

43. Explain the concept of Nash equilibrium with the help of an example.

44. Discuss the significance of cartels in an oligopolistic market structure.

45. Compare price leadership and price rigidity in oligopoly markets.

46. Explain the concept of market equilibrium and how it is affected by a shift in demand or supply.

47. Discuss the difference between public goods and private goods. Provide examples.

48. What is the role of government in addressing market failures?

49. Explain the Prisoner’s Dilemma and its relevance in understanding strategic behavior in markets.

50. How do externalities affect market outcomes? Discuss with suitable examples.

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