BECC 105 Solved Assignment 2022-23

 

BECC 105 Solved Assignment 2022-23

INTERMEDIATE MICROECONOMICS - I

Course Code: BECC 105

Assignment Code: Asst /TMA /2022-23

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 substitution effect and Income effect. Make a comparison with illustration between Slusky’s approach and Hicksian approach to decompose the price effect into substitution effect and income effect.

5

(b) Consider a consumer with the utility function given by U(X, Y) = XY where X and Y represent the two goods of consumption priced at Px and Py, respectively. The income of this consumer is assumed Rs 120, Px = Rs. 3 and Py = Rs.1. Suppose price of good X falls to Rs. 2.50, what will be its impact on consumption quantities of both the goods.

15

2. (a) What is the distinction between short run production function and long run production function? Explain with example and diagram the various stages of total product associated with law of variable proportions.

10

(b) For the given production function

Q = 4.5 K 0.4 L 0.7

Drive a function in the form K = f (L) for the isoquant representing an output of 54.

10

Assignment Two

Answer the following Middle Category questions in about 250 words each. Each question carries 10 marks.

3 × 10 = 30

3. Consider A Firm facing the demand schedule P = 190 – 0.6q and the total cost function TC = 40 + 30q + 0.4q2

a) What output will maximize profit?

5

b) What output will maximize total revenue?

3

c) What will the output if the firm makes the profit of Rs. 4,760

2

4. Given a firms’ demand schedule P = 200 – 2q and its total cost function TC = 2 3 𝑞 3 − 14𝑞 2 + 222𝑞 + 50, find out its

10

(i) Total revenue

(ii) Marginal revenue

(iii) Profit

5. Given the utility function of a consumer, U = 4 A0.5 B 0.5, he spends all his income amounting Rs. 120 on the two goods A and B. Good A costs Rs. 10 a unit and B Costs Rs. 15. What combination of A and B will be purchased by him?

10

Assignment Three

Answer the following Short Category questions in about 100 words each. Each question carries 6 marks.

5 × 6 = 30

6. What is consumer’s surplus and how it is measured? Explain with illustration.

6

7. Distinguish between utility function and expected utility function. Discuss the assumptions associated with the Von Neumann Morgenstern Utility Function.

6

8. ‘The second fundamental theorem of welfare economics treats the concepts of efficiency and equity differently’. Explain.

6

9. A firm faces the Average Fixed Cost function as AFC = 200x-1 and Average Variable Cost function as AVC = 0.2x2 where x represents output. Show diagrammatically what shape will its total cost function (AC) take?

6

10. Make distinction between any three of the followings:

6

(i) Weak preference and strong preference

(ii) Numeraire good and non-discrete good

(iii) Homogenous function and Homothetic function

(iv) Compensating variation and Equivalent variation.

BECC 105 Solved Assignment 2022-23: FREE IGNOU Assignment You can Get All students of university who needs to submit assignments should download old assignments of the respective course of 2022 available above and submit at the concerned study center. The last dates will be 30th April and 30th October of every year until their registration is valid. New assignments will not be available any more for students as course was revised.

How can we submit IGNOU assignment?

IGNOU BECC 105 Solved Assignment 2022-23: Now students have to submit their assignments online to Madhyam before the scheduled date. You can submit your annual assignment through the online link. Through the online submission links issued by the university, you can submit your assignment from home.

How can I submit IGNOU assignment online 2022?

The email must carry the following details of the sender:

1.     Name of the learner:

2.     Enrollment number:

3.     Regional Centre Code:

4.     Study Centre Code:

5.     Programme Code:

6.     Course Code(s) of attached assignments:

7.     Mobile number:

8.     Email ID:

How can I get first page of IGNOU assignment?

The first page must include the following information.

1.     Name.

2.     Roll number.

3.     Address.

4.     Assignment number.

5.     Name of the course.

6.     Study Centre.

7.     Programme.

Date of submission.

You also directly download IGNOU Assignment Question Paper from –  Follow the advice and Guidelines by IGNOU University , For checking Guidelines you can see your question paper clearly, after seeing the question paper candidate still have any query related with IGNOU Solved Assignment , they can ask to their teacher if Students want any information they also can contact us. BECC 105 Solved Assignment 2022-23 We will provide all IGNOU Help – 8130208920

IGNOU Assignment Status 2022-23

BECC 105 Intermediate Microeconomics – 1 Solved Assignment 2022-23 : Those students who had successfully submitted their Assignments to their allocated study centres can now check their Assignment Status. Alongside assignment status, they will also checkout their assignment marks & result. BECC 105 Solved Assignment 2022-23 All this is often available in a web mode. After submitting the assignment, you'll check you IGNOU Assignment Status only after 3-4 weeks. it'd take 40 days to declare.

Those students who had successfully submitted their Assignments to their allocated study centres can now check their Assignment Status. Along with assignment status, they can also checkout their assignment marks & result. All this is available in an online mode. After submitting the assignment, you can check you IGNOU Assignment Status only after 3-4 weeks. It might take 40 days to declare.

Here the students can check their IGNOU Assignment Status, marks, result or both the sessions i.e; June & December. BECC 105 Solved Assignment 2022-23 Once the TEE assignments have been submitted to the Centres, it is send to the evaluation department. After which the evaluation of IGNOU Assignment Solutions takes place.

BECC 105 Solved Assignment 2022-23 Once the TEE assignments are submitted to the Centres, it's send to the evaluation department. After which the evaluation of IGNOU Assignment Solutions takes place.

PDF & Hand Written

WhatsApp : 8130208920

• Tweet
• Share
• Share
• Share