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BCOG-171 Solved Assignment English Medium 2023-24
BACHELOR OF COMMERCE
CHOICE BASED CREDIT SYSTEM
Valid from 1st July 2023 to 30th June 2024
PRINCIPLES OF MICRO ECONOMICS
TUTOR MARKED ASSIGNMENT
COURSE CODE : BCOG-171
COURSE TITLE : PRINCIPLES OF MICRO ECONOMICS
ASSIGNMENT CODE : BCOG-171/TMA/2023-24
COVERAGE : ALL BLOCKS
Maximum Marks: 100
Note: Attempt all the questions.
(This section contains five questions of 10 marks each)
Q.1 Explain the concept of a Production Possibility Curve. Enumerate its assumptions. Illustrate it with the help of an example.
Q.2 Distinguish between positive and normative economics. Which one should be preferred and why?
Q.3 Explain the law of variable proportions with the help of total, average and marginal product.
Q.4 What is backward bending supply curve? Explain with an example.
Q.5 Explain an industry’s short period equilibrium in conditions of perfect competition.
(This section contains five short questions of 6 marks each)
Q.6 Explain the case of unitary elastic demand curve.
Q.7 What are the main determinants of Elasticity of Supply of a Commodity?
Q.8 How the various tools of government intervention are applied while determining the price?
Q.9 What is joint profit maximization? How is it sought to be achieved under oligopoly?
Q.10 Define functional distribution and distinguish it from personal distribution.
(This section contains four short questions of 5 marks each)
Q.11 What are the assumptions of indifference curves approach?
Q.12 Discuss the concepts of money wage and real wage.
Q.13 What are the properties of an Isoquant?
Q.14 Discuss the Ricardian theory of rent
BCOG171, BCOG 171