IGNOU BA BECC 101 Introductory Microeconomics Solved Assignment ENGLISH

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BECC 101 (July 2026) - ENGLISH

Tutor Marked Assignments
Course Code: BECC-101
Assignment Code: BECC-101/2025-26
Total Marks: 100
Assignment One
Answer the following Descriptive Category questions in about 500 words each. Each
question carries 20 marks. Word limit does not apply in case of numerical questions.
2×20 = 40
1. (a) 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 agentsin decision making.
(b) Given the following information, find out the price elasticity of demand and cross elasticity of
demand:
??=??−??+??
where ?? is the quantity demanded, P is the price of the product which is given as Rs. 10, and ??
is
the price of the substitute good which is given as Rs 20.
2. (a) What do you understand by the term ‘market failure’? Explain the varioussources of market failure.
Which policy instruments can be resorted to regulate the inefficient market situations?
(b) What is production possibility frontier? How does the marginal rate of transformation relate to the
production possibility frontier?
Assignment Two
Answer the following Middle Category questions in about 250 words each. Each question
carries 10 marks. Word limit does not apply in application part of the question. 3× 10 = 30
3. (a) Discuss the various shapes of isoquants that may be assumed depending on the degree
substitutability. What are the properties of Isoquants?
(b) 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.
4. Suppose a competitive firm has a total cost function TC(q)=450+15q+2?2 and marginal cost
function MC(q)=15+4q. If the market price is P=Rs 115 per unit,
(i) Find the level of output produced by the firm.
(ii) Find the level of profit and the level of producer surplus.
5. 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.

BECC 101 2025 2026 - English

Tutor Marked Assignments

Course Code: BECC-101

Assignment Code: BECC-101/2025-26

Total Marks: 100

Assignment One

Answer the following Descriptive Category questions in about 500 words each. Each question carries 20 marks. Word limit does not apply in case of numerical questions.

1. (a) 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.

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

Qd=10-2P+P

where Qa is the quantity demanded, P is the price of the product which is given as Rs. 10, and P, is the price of the substitute good which is given as Rs 20.

2. (a) 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?

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

Assignment Two

 Answer the following Middle Category questions in about 250 words each. Each question carries  Word limit does not apply in application part of the question. 

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

(b) 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.

4. 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,

Find the level of output produced by the firm.

(ii) Find the level of profit and the level of producer surplus.

5. 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.

BECC 101 2025 2026 - Hindi

बीईसीसी-101: प्रारंभिक व्यष्टि वर्थशास्त्र

सत्रीय कार्य 1

1. क) गाँग का नियम तथा माँग की कीमत लोच में अंतर बतायें। उन कारकों को बतायें जिन पर माँग की कीमत तोच निर्भर करती है। माँग की लोच आर्थिक अभिकर्ताओं को निर्णय लेने में किया प्रकार मदद करती है?

ख) दी गई निम्नलिखित सूचना के आधार पर माँग की कीमत, लोच तथा माँग की आड़ी लोच की गणना करें।

क्यूडी10-2पी+पी

Q- वस्तु की माँग की गई मात्रा

P= वस्तु की कीमत जो रूपये 10 दी गई है।

१- स्थानापन्न बस्तु की कीमत जो रूपये 20 दी गई है।

2. (क) बाज़ार की विफलता से आप क्या समझाते हो? बाजार की विफलता के विभिन्न ग्रोतों को बताये। अदक्ष बाजार की स्थितियों में सुधार लाने हेतु कौन-कौन से नीतिगत संयंत्रों का प्रयोग किया जा सकता है?

(ख) उत्पादन भावना यह क्या होता है? रूपांतरण की सीमांत दर (marginal rate of transformation हिला प्रकार उत्पादन संभावना यह से संबंधित है?

सत्रीय कार्य-2

বিরিজিয়া है.

3. क) स्थानापन्न श्रेणी (degree) को आधार मानते हुए समोत्पादक वाहों के विविध रूपों की चर्चा करें। रामोत्पादक वाहों की क्या-क्या विशेषताएँ है?

ख) क्या कोई फर्म उत्पादन वृद्धि के साथ बढ़ते हुए, विधार तथा घाटते हुए पैमाने के प्रतिफल की अवस्था का प्रदर्शन कर सकती है? अपने उत्तर के समर्थन में कारण दें।

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