Description
BCOG-171 English Medium Solved Assignment 2024-25 Available
Section-A
Q.1 Define Indifference Curve. Explain the assumptions and properties of the indifference curve (10)
Q.2 State the Law of Diminishing Marginal Utility (or the Law of Satiable Wants) and its (10) limitations.
Q.3 What is meant by price elasticity of demand? Briefly explain the determinants and importance of price elasticity of demand.
Q.4 Explain the concept of a Production Possibility Curve. Enumerate its assumptions. Illustrate it with the help of an example.
Q.5 Explain the law of variable proportions with the help of total, average and marginal product.
Section-B
Q.6 Explain the main determinants of demand of a commodity in the market.
Q.7 Why is a short run average cost curve U-shaped? What is the relation between average cost and marginal cost? Use suitable diagrams.
Q.8 What is backward bending supply curve? Explain with an example.
Q.9 Explain the determination of a monopolist’s equilibrium in the long period.
Q.10 Explain the marginal productivity theory of distribution. Also state its assumptions.
Section-C
Q.11 Distinguish between positive and normative economics.
Q.12 What is an Isoquant? What are the properties of an Isoquant?
Q.13 A kinked demand curve may help to understand why oligopoly price tends to be rigid but it (5) does not lead to determinate equilibrium, Comment.
Q.14 Write note on Keynes’ view of interest,
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