BECC 132 Solved Assignment 2022-23

 

BECC 132 Solved Assignment 2022-23

PRINCIPLES OF MICROECONOMICS - II

BECC 132 Solved Assignment 2022-23 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

Course Code: BECC 132

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) Discuss the implications of price regulation adopted in terms of MC/AC pricing by a public monopoly on the consumer welfare.

8

(b) Consider a Monopoly producing good X. The firm has fixed costs equal to Rs 100 and the firm’s total costs increase by Rs 10 for each additional good X they produce. The inverse demand curve for good X is given by: P(X) = 200 – X, where P is the price.

(i) Write down an equation giving total costs for the firm as a function of X.

2

(ii) What will be the equilibrium quantity of good X that the firm will produce? Also calculate the equilibrium profit.

5

(iii) What would have been the equilibrium quantity had it been a perfectly competitive firm?

5

2. (a) Discuss characteristic features of an Oligopolistic market structure. What are the various reasons that have led to emergence of this market structure?

10

(b) With regards to the Kinked demand curve theory given by Paul Sweezy, answer the following:

(i) The demand curve facing an oligopolist is relatively more elastic above the kink and less elastic below the kink. Discuss.

5

(ii) Comment on the shape of the Marginal revenue curve of this model.

5

BECC 132 Solved Assignment 2022-23 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

POST GRADUATE DIPLOMA IN AUDIO PROGRAMME PRODUCTION Bachelor’s Degree Programmes (CBCS B.A. and BSCANH) ASSIGNMENTS

Dear Learner,

You have to submit one assignment in each course, i.e. BECC 132. All these are Tutor Marked Assignments (TMAs). Before attempting the assignments, please read the instructions provided in the Programme Guide carefully.

Kindly note, you have to submit these assignments to the Coordinator of your Study Centre within the stipulated time for being eligible to appear in the term-end examination. You must mention your Enrolment Number, Name, Address, Assignment Code and Study Centre Code on the first page of the assignment. You must obtain a receipt from the Study Centre for the assignments submitted and retain it. Keep photocopies of the assignments with you.

After evaluation, the assignments have to be returned to you by the Study Centre. Please insist on this and keep a record with you. The marks obtained by you will be sent by the Study Centre to the Student Evaluation Division at IGNOU, New Delhi.

Guidelines for Doing Assignments

There are five questions in each assignment, all carry equal marks. Attempt all the questions in not more than 500 words (each). You will find it useful to keep the following points in mind:

Planning: Read the assignments carefully. Go through the units on which they are based, make some points regarding each question and then rearrange them in a logical order

Organization and Presentation: Be analytical in your selection of the information for your answer. Give adequate attention to the introduction and the conclusion. Make sure that your answer is logical and coherent; has a proper flow of information.

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