BECC 131 Solved Assignment 2023-24

BECC 131 Solved Assignment 2023-24

BECC 131 Solved Assignment 2023-24, FREE BECC 131 Solved Assignment 2023-24, FREE BECC 131 PRINCIPLES OF MICROECONOMICS - I Assignment PDF, How to get BECC 131 Solved Assignment for Free, We are providing IGNOU BECC 131 PRINCIPLES OF MICROECONOMICS - I Solved Assignment all over India.

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Course Code: BECC 131

Assignment Code: BECC 131 ASST/TMA/2023-24

Marks: 100

NOTE: All questions are compulsory

Assignment One

Answer the following Descriptive Category questions in about 500 words each.

Q1. (a) The behaviour of the firm which seems to be efficient in the short-run may found to be inefficient in the long-run. Do you agree? Explain using appropriate diagram.

(b) Discuss the reasons behind a typical U-shaped long-run average cost curve (LAC) that a firm may face over its range of output in the long run.

Q2. (a) Explain the concept of an Expansion path? Explain why an expansion path in case of a linear homogeneous production function is a straight line? Discuss.

(b) Illustrate isoquants having positively sloped segments. In the same diagram construct ridge lines and explain the concept of Economic Region of Production.

Assignment Two

Answer the following Middle Category questions in about 250 words each.

Q3. (a) Discuss the concept of Utility. How is the cardinal utility approach different from the ordinal utility approach?

(b) On what grounds is the law of diminishing marginal utility being criticized by the modern economists?

Q4. (a) Illustrate the impact of a price support measure imposed by the government on the market of a commodity under the following conditions:

(i) When the price floor is fixed at a price lower than the equilibrium price.

(ii) When the price floor is fixed at a price equal to the equilibrium price. 5

(b)What will be the consequences of setting up a price floor above the equilibrium price?

Q5. (a) For equilibrium, a producer may attempt maximization of output subject to a given cost or alternatively, he may seek to minimize cost subject to a given level of output. Do you agree? Discuss.

Assignment Three

Answer the following Short Category questions in about 100 words each.

Q6. Why does the marginal rate of technical substitution (MRTS) decline as we move rightward and downward along a convex-shaped isoquant?

Q7. The concept of consumer’s surplus is derived from the law of diminishing marginal utility. Discuss.

Q8. What is meant by Arbitrage?

Q9. Draw an income consumption curve in case the good marked on the horizontal axis is a necessity good while that marked on the vertical axis is a superior good.

Q10. Who does bear the tax burden when the demand is perfectly elastic and supply is of normal shape?

BECC 131 Handwritten Assignment 2023-24

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Important Note - You may be aware that you need to submit your assignments before you can appear for the Term End Exams. Please remember to keep a copy of your completed assignment, just in case the one you submitted is lost in transit.

Submission Date :

31st March 2023 (if enrolled in the July 2023-24 Session)

30th Sept, 2023 (if enrolled in the January 2023-24 session).

IGNOU Instructions for the BECC 131 Assignments

BECC 131 PRINCIPLES OF MICROECONOMICS - I Assignment 2023-24 Before ate mpting the assignment, please read the following instructions carefully.

1. Read the detailed instructions about the assignment given in the Handbook and Programme Guide.

3. Write the course title, assignment number and the name of the study centre you are attached to in the centre of the first page of your response sheet(s).

4. Use only foolscap size paper for your response and tag all the pages carefully

5. Write the relevant question number with each answer.

6. You should write in your own handwriting.

GUIDELINES FOR IGNOU Assignment BECC 131023-24

BECC 131 Solved Assignment 2023-24 You will find it useful to keep the following points in mind:

1. Planning: Read the questions carefully. Go through the units on which they are based. Make some points regarding each question and then rearrange these in a STATISTICS IN PSYCHOLOGYal order. And please write the answers in your own words. Do not reproduce passages from the units.

2. Organisation: Be a little more selective and analytic before drawing up a rough outline of your answer. In an essay-type question, give adequate attention to your introduction and conclusion. The introduction must offer your brief interpretation of the question and how you propose to develop it. The conclusion must summarise your response to the question. In the course of your answer, you may like to make references to other texts or critics as this will add some depth to your analysis.

3. Presentation: Once you are satisfied with your answers, you can write down the final version for submission, writing each answer neatly and underlining the points you wish to emphasize.

IGNOU Assignment Front Page

The top of the first page of your response sheet should look like this: Get IGNOU Assignment Front page through. And Attach on front page of your assignment. Students need to compulsory attach the front page in at the beginning of their handwritten assignment.

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BECC 131 Handwritten Assignment 2023-24

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