BECC 132 Solved Assignment 2022-23
BECC 132 Solved Assignment 2022-23
Principles of Microeconomics - 2
BECC 132
Solved Assignment 2022: BECC 132 Solved Assignment 2022 BECC
132 Assignment 2022-23 All IGNOU Assignment a vailable at our website.
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Extended. In this post Student will Get BECC 132 Solved Assignment 2022.
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University:
IGNOU |
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Course:
Principles of Microeconomics - 2 |
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Language:
ENGLISH |
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Semester:
2022 |
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Course:
Principles of Microeconomics - 2 |
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Session:
2022 |
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Short
Name: BECC 132 |
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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
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BECC 132
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