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| Title Name | IGNOU BECC 131 SOLVED ASSIGNMENT |
|---|---|
| Type | Soft Copy (E-Assignment) .pdf |
| University | IGNOU |
| Degree | BACHELOR DEGREE PROGRAMMES |
| Course Code | BAG |
| Course Name | BACHELOR OF ARTS |
| Subject Code | BECC 131 |
| Subject Name | Principles of Microeconomics-I |
| Year | 2025 2026 |
| Session | |
| Language | English Medium |
| Assignment Code | BECC-131/Assignmentt-1//2025-26 |
| Product Description | Assignment of BAG (BACHELOR OF ARTS) 2025-26. Latest BECC 131 2025-26 Solved Assignment Solutions |
| Last Date of IGNOU Assignment Submission | Last Date of Submission of IGNOU BECC-131 (BAG) 2025-26 Assignment is for January 2026 Session: 30th September, 2026 (for December 2025 Term End Exam). Semester Wise January 2025 Session: 30th March, 2026 (for June 2026 Term End Exam). July 2025 Session: 30th September, 2025 (for December 2025 Term End Exam). |
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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:
Qd=10-2P+Ps
where Qd is the quantity demanded, P is the price of the product which is given as Rs. 10, and Ps is the price of the substitute good which is given as Rs 20.
Ques 3.
Explain with illustration the three stages of production. Why should a rational producer under competitive condition should produce in stage II?
What is production possibility curve (PPC)? How does a PPC provide an economy's menu of choices?
Ques 4.
How does want and utility are interconnected to each other? How is the cardinal approach different from ordinal approach to consumer behavior?
Ques 5.
On what grounds, the law of diminishing marginal utility is criticized by the modern economists?
Ques 6.
Discuss the various shapes of isoquants that may be assumed depending on the degree substitutability. What are the properties of Isoquants?
Ques 7.
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 8.
What are implicit costs? How are these implicit costs are estimated? Do you think that these costs be included as part of costs of production? Give reasons for your answer.
Ques 9.
Explain how does 'scarcity' lie at the root of all economic activities?
Ques 10.
Explain with diagrams the approaches that are used to decompose the price effect into substation effect and income effect.
Ques 11.
Given the following supply and demand functions of a commodity X, determine its equilibrium price and quantity.
Qd 8000-1000Px
Qs= -4000+2000Px
Ques 12.
Discuss the relationship between marginal and average product curves.
Ques 13.
What do you mean by the term 'isocosts'? How does isocosts help a producer to attain equilibrium?
Ques 14.
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 15.
Given the following information, find out the price elasticity of demand and cross elasticity of demand:
Qd=10-2P+Ps
where Qd is the quantity demanded, P is the price of the product which is given as Rs. 10, and Ps is the price of the substitute good which is given as Rs 20.
Ques 16.
Explain with illustration the three stages of production. Why should a rational producer under competitive condition should produce in stage II?
What is production possibility curve (PPC)? How does a PPC provide an economy's menu of choices?
Ques 17.
How does want and utility are interconnected to each other? How is the cardinal approach different from ordinal approach to consumer behavior?
Ques 18.
On what grounds, the law of diminishing marginal utility is criticized by the modern economists?
Ques 19.
Discuss the various shapes of isoquants that may be assumed depending on the degree substitutability. What are the properties of Isoquants?
Ques 20.
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 21.
What are implicit costs? How are these implicit costs are estimated? Do you think that these costs be included as part of costs of production? Give reasons for your answer.
Ques 22.
Explain how does 'scarcity' lie at the root of all economic activities?
Ques 23.
Explain with diagrams the approaches that are used to decompose the price effect into substation effect and income effect.
Ques 24.
Given the following supply and demand functions of a commodity X, determine its equilibrium price and quantity.
Qd 8000-1000Px
Qs= -4000+2000Px
Ques 25.
Discuss the relationship between marginal and average product curves.
Ques 26.
What do you mean by the term 'isocosts'? How does isocosts help a producer to attain equilibrium?
Ques 27.
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 28.
Given the following information, find out the price elasticity of demand and cross elasticity of demand:
Qd=10-2P+Ps
where Qd is the quantity demanded, P is the price of the product which is given as Rs. 10, and Ps is the price of the substitute good which is given as Rs 20.
Ques 29.
Explain with illustration the three stages of production. Why should a rational producer under competitive condition should produce in stage II?
What is production possibility curve (PPC)? How does a PPC provide an economy's menu of choices?
Ques 30.
How does want and utility are interconnected to each other? How is the cardinal approach different from ordinal approach to consumer behavior?
Ques 31.
On what grounds, the law of diminishing marginal utility is criticized by the modern economists?
Ques 32.
Discuss the various shapes of isoquants that may be assumed depending on the degree substitutability. What are the properties of Isoquants?
Ques 33.
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 34.
What are implicit costs? How are these implicit costs are estimated? Do you think that these costs be included as part of costs of production? Give reasons for your answer.
Ques 35.
Explain how does 'scarcity' lie at the root of all economic activities?
Ques 36.
Explain with diagrams the approaches that are used to decompose the price effect into substation effect and income effect.
Ques 37.
Given the following supply and demand functions of a commodity X, determine its equilibrium price and quantity.
Qd 8000-1000Px
Qs= -4000+2000Px
Ques 38.
Discuss the relationship between marginal and average product curves.
Ques 39.
What do you mean by the term 'isocosts'? How does isocosts help a producer to attain equilibrium?
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| Course Name | BACHELOR OF ARTS |
| Course Code | BAG |
| Programm | BACHELOR DEGREE PROGRAMMES Courses |
| Language | English |
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