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IGNOU BCOG 171 Solved Assignment 2025-26 English Medium PDF Download Details

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Course Code	BCOG 171
Course Title	PRINCIPLES OF MICRO ECONOMICS
Session	2025 – 2026
Medium	English
Assignment Code	BCOG-171/TMA/2025-26

IGNOU BCOG 171 Solved Assignment 2025-26 English Medium Question Paper

BCOG 171 : PRINCIPLES OF MICRO ECONOMICS

Section – A

(Attempt all the questions. Each question carries 10 marks.)

Q.1 Define Indifference Curve. Explain the assumptions and properties of the indifference curve.

Q.2 State the Law of Diminishing Marginal Utility (or the Law of Satiable Wants) and its 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

(Attempt all the questions. Each question carries 6 marks.)

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

(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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