Description
BCOMG
FIFTH SEMESTER
TUTOR MARKED ASSIGNMENT
COURSEC CODE: BCOG-171
COURSE TITLE: PRINCIPLES OF MICRO ECONOMICS
ASSIGNMENT CODE: BCOG-171/TMA/2025-26
Valid from 1st July 2025 to 30th June 2026
Note: Attempt all the questions. Maximum Marks: 100 Section – A (Attempt all the questions. Each question carries 10 marks.)
Q1 DefineIndifference Curve. Explain the assumptions and properties of the indifference curve.
Q2State the Law of Diminishing Marginal Utility (or the Law of Satiable Wants) and its limitations.
Q3 What is meant by price elasticity of demand? Briefly explain the determinants and importance of price elasticity of demand.
Q4 Explain the concept of a Production Possibility Curve. Enumerate its assumptions. Illustrate it with the help of an example.
Q5 Explain the law of variable proportions with the help of total, average and marginal product.
Section – B (Attempt all the questions. Each question carries 6 marks.)
Q6 Explain the main determinants of demand of a commodity in the market.
Q7 Why is a short run average cost curve U-shaped? What is the relation between average cost and marginal cost? Use suitable diagrams.
Q8 What is backward bending supply curve? Explain with an example
Q9. 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 (Attempt all the questions. Each question carries 5 marks.)
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 does not lead to determinate equilibrium. Comment
. Q.14 Write note on Keynes’ view of interest.
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