IGNOU BECC 101 SOLVED ASSIGNMENT 2025 2026

Ques 1.

Distinguish between law of demand and price elasticity of demand. Identify the factors on which price elasticity of depend. How does elasticity of demand help the economic agents in decision making.

Ques 2.

Given the following information, find out the price elasticity of demand and cross elasticity of demand:

Ques 3.

What do you understand by the term "market failure"? Explain the various sources of market failure. Which policy instruments can be resorted to regulate the inefficient market situations?

Ques 4.

What is production possibility frontier? How does the marginal rate of transformation relate to the production possibility frontier?

Ques 5.

Discuss the various shapes of isoquants that may be assumed depending on the degree substitutability. What are the properties of Isoquants?

Ques 6.

Can a firm have a production function that exhibits increasing returns to scale, constant returns to scale and decreasing returns to scale as output increases? Give reasons in support of your answer.

Ques 7.

Suppose a competitive firm has a total cost function TC(q)-450+15q+2q² and marginal cost function MC(q)-15+4q. If the market price is P-Rs 115 per unit,

Ques 8.

Find the level of output produced by the firm.

Ques 9.

Find the level of profit and the level of producer surplus.

Ques 10.

How does equilibrium in an oligopolistic market is distinct from equilibrium in perfectly competitive market and monopolistic competition? Explain the Cournot's model of price and output determination under oligopoly.

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