IGNOU BCOG 171 Solved Assignment English Medium 2022-23

Free BCOG 171 Solved Assignment English Medium 2022-23 for July 2022 and January 2023 Session, All IGNOU Assignments (Programme Wise) · Master's Degree Programmes · Bachelor's Degree Programmmes · P.G. Diplomaa Programmes · Diploma Programmes · Certificate Programmes. IGNOU Assignment 2022-203 (UPDATED) Get Here. IGNOU Assignment Status 2022-23, Marks, Grade Card, Practical Submission

B.C.O.G – 171

PRINCIPLES OF MICRO ECONOMICS IGNOU BCOG 171 Solved Assignment 2022-23

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Assignment I

Q.1 Explain the main determinants of demand of a commodity in the market. Distinguish between an Inferior good (commodity) and a Giffen good.

Q.2 Explain the Law of Supply. Point out its exceptions.

Q.3 Explain the concept of consumer's surplus. What are its limitations?

Q.4 What is full-cost pricing principle? How does it lead to a higher than optimum production?

Q.5 Explain the marginal productivity theory of distribution. Also state its assumptions. Why is the marginal productivity theory not considered a satisfactory theory of distribution?

Assignment II

Q.6 Distinguish between positive and normative economics. Which one should be preferred and why?

Q.7 Explain the attainment of equilibrium position by a consumer with the help of an indifference curve.

Q.8 What is backward bending supply curve? Explain with an example.

Q.9 Explain the nature of Average Revenue Curve and Marginal Revenue Curve of a firm under Oligopoly.

Q.10 Discuss the concept of quasi-rent. How does it differ from the concept of economic rent?

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Assignment III

Q.11 ‘Scarcity is the mother of every economic system.’ Explain.

Q.12 What are the properties of an Isoquant?

Q.13 Distinguish between primary and intermediate inputs.

Q.14 Critically examine the Law of Equimarginal Utility.

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