BECC-101 · December 2022 · English
IGNOU BECC-101 December 2022 Previous Year Question Paper
INTRODUCTORY MICRO ECONOMICS
Structured previous year question paper for BECC-101, December 2022 session.
Max marks: 100 · Questions: 13 · Sections: 3
Verified: 5 Aug 2026
BACHELOR OF ARTS (HONOURS)
(ECONOMICS) (BAECH)
Term-End Examination
December, 2022
BECC -101 : NTRODUCTORY MERO ECONOMES
Time : 3 Hours Maximum Marks : 100
Note :
(i) Answer questions from each Section as
per instructions given.
(ii) Section-A : Answer any two questions
from this Section.
(iii) Section-B : Answer any four questions
from this Section.
(iv) Section-C : Answer both the questions.
Section—A
Q1.(a) Show how can a production possibility curve be used to solve some of the central problems. 6
(b) Does massive unemployment shift the production possibility curve to its left ? Explain. 6
(c) Distinguish between the following : 8
(6) Stocks and flow concepts Gi) Positive and normative economics
Q2.(a) Explain the tax burden under the following situations : 10 @ When demand curve is_ perfectly elastic and supply curve is normal shaped.
(i) When supply curve is perfectly elastic and demand curve is normal shaped.
(b) State the ‘Law of Diminishing Marginal Utility’. What are its exceptions ? 5
(c) Explain the concept of consumer’s surplus. [3] BECC
Q3.(a) What are the three stages of production ? Which one of these do the producers prefer and why ? 10
(b) Use iso-quant and iso-cost curves to explain how does a producer minimize the cost of production for a given level of output.
Q4.(a) “Long-run equilibrium for a firm in perfect competition occurs at a point where price equals minimum long-run average cost.” Explain with the help of a diagram. 10
(b) What is the price discrimination ? Explain the different degrees of price discrimination.
Section—B
Q5.(a) Given the following demand and supply equations : 6 ७७ 5 8000 - 200 7,
Q6.5 2000 +100 7. Determine the equilibrium price and quantity with the help of above equations.
(b) Discuss the determinants of price elasticity of demand.
Q7.(a) Discuss the law of equi-marginal utility. 6
(b) What are the conditions for consumer’s equilibrium in ordinal utility approach?
Q8.Derive the demand curve from ‘price consumption curve’ in case of a normal good.
Q9.(a) Draw the expansion path of a firm in long- run. State the conditions under which it would be a straight line. 6
(b) Explain how the long-run average cost curve is derived from different short-run average cost curves.
Q10.What do you understand by ‘shut-down point’ ? Will a firm in perfect competition continue to operate of price is less than average variable cost ? Explain.
Q11.Write short notes on the following : 3 each @) Kinked demand curve analysis
(7) Ricardian theory of rent Gii) Minimum wage law
(iv) Excess capacity
Section—C
Q12.“Public goods are both non-rival and non- exclusive.” Explain each of these terms and show clearly how they differ from each other.
Q13.What is meant by “First mover advantage” ?