BECC-132 · June 2025 · English
IGNOU BECC-132 June 2025 Previous Year Question Paper
PRINCIPLES OF MICRO ECONOMICS—II
Structured previous year question paper for BECC-132, June 2025 session.
Max marks: 100 · Questions: 11 · Sections: 3
Verified: 5 Aug 2026
BACHELOR OF ARTS (GENERAL)
(BAG)
Term-End Examination
June, 2025
BECC-132 : PRINCIPLES OF
MICROECONOMICS—II
Time : 3 Hours Maximum Marks : 100
Note:
(i) Answer questions from all Sections
as per instructions.
(ii) Section A : Answer any two
questions.
(iii) Section B : Answer any four
questions.
(iv) Section C : Write short notes on any
three.
Section—A
Note: Answer any two questions from this
Section. 2x20=40
Q1.(a) Explain short-run equilibrium under monopoly using MC and MR approach.
(b) “The shutdown point for a_ perfectly competiveness firm is different from this break-even point.” Explain using a diagram.
Q2.(a) What is a minimum wage law ? Explain its implications on the labour market using a diagram. 10
(b) Explain why the demand for an input is a derived demand. How would a tax on land rent affect its demand and supply ?
Q3.(a) What are public goods ? Why is there a need for intervention of government for such goods ? 10
(b) What is an economically efficient allocation from the point of view of Pareto ? Explain.
Q4.(a) Discuss the implications of WTO agreements on India. 10
(b) Throw some light on the structure of WTO and its dispute settlement mechanism.
Section—B
Note: Answer any four questions from this
Section. 4x12=48
Q5.What is price discrimination under monopoly ? Explain three ways in which a firm practices price discrimination.
Q6.What is asymmetric information ? How does it lead to market failure ?
Q7.Explain the marginal productivity theory of factor pricing.
Q8.Explain the concept of selling cost under monopolistic competition. Highlight the major differences between perfect competition and monopolist competition.
Q9.Derive the demand for labour in a competitive market. How is value of marginal product and marginal revenue product relevant in labour demand ?
Q10.The following information is given by : C=40+Q2 and P=40-Q Find the profit maximizing levels of output and price.
Section—C
Q11.Write short notes on any three of the following : 3x4=12 G@) Kinked demand curve under oligopoly Gi) Prisoner’s dilemma
(ii) Deadweight loss in monopoly
(iv) Public goods
(v) Quasi-rent (0<540+ ९? 3x4=12