BECC 101 Introductory Microeconomics Solved Assignment 2026 (English Medium)

BECC 101 Solved Assignment is carefully prepared for IGNOU July 2025 and January 2026 students. This BECC 101 Introductory Microeconomics Solved Assignment clearly explains law of demand, elasticity, market failure, production possibility frontier, isoquants, cost functions, oligopoly models, equilibrium, price effect, efficiency and policy instruments. Numerical problems are solved step by step in simple language. Answers follow IGNOU word limits and academic format so that you can confidently write and score higher marks.

BECC 101 Assignment Questions (As Per IGNOU 2025-26)

Assignment One

Answer the following Descriptive Category questions in about 500 words each. Each question carries 20 marks. Word limit does not apply in case of numerical questions.

1. (a) Distinguish between law of demand and price elasticity of demand. Identify the factors on which price elasticity of demand depends. How does elasticity of demand help the economic agents in decision making. (b) Given the following information, find out the price elasticity of demand and cross elasticity of demand: Qd = 10 − 2P + Ps where Qd is the quantity demanded, P is the price of the product which is given as Rs. 10, and Ps is the price of the substitute good which is given as Rs 20.
2. (a) What do you understand by the term ‘market failure’? Explain the various sources of market failure. Which policy instruments can be resorted to regulate the inefficient market situations? (b) What is production possibility frontier? How does the marginal rate of transformation relate to the production possibility frontier?

Assignment Two

Answer the following Middle Category questions in about 250 words each. Each question carries 10 marks.

1. (a) Discuss the various shapes of isoquants depending on the degree of substitutability. What are the properties of isoquants? (b) Can a firm have increasing, constant and decreasing returns to scale as output increases? Give reasons.
2. Suppose a competitive firm has total cost function TC(q)=450+15q+2q² and MC(q)=15+4q. If market price is Rs 115 per unit: (i) Find the level of output produced by the firm. (ii) Find the level of profit and producer surplus.
3. How is equilibrium in an oligopolistic market distinct from perfectly competitive market and monopolistic competition? Explain Cournot’s model of price and output determination.

Assignment Three

Answer the following Short Category questions in about 100 words each.

1. Given Qd = 8000 − 1000Px and Qs = −4000 + 2000Px, determine equilibrium price and quantity.
2. Explain with diagrams the decomposition of price effect into substitution and income effect.
3. Identify distortions that lead to failure in perfectly competitive market efficiency.
4. How is general equilibrium of production reached in a two commodity and two factor economy?
5. Distinguish between: (i) Marginal physical product and marginal revenue product. (ii) Adverse selection and moral hazard. (iii) Normal profit and abnormal profit.
6. What is Excess Capacity?
7. What is Income Consumption Curve? Draw ICC for an inferior good.
8. What are policy instruments for government intervention?
9. Explain efficiency in economics and resource allocation among firms.
10. Elucidate features of oligopolistic market structure.

BECC 101 Assignments Details

BECC 101 is a six credit core course under BAECH programme. Students must complete three TMAs carrying 100 marks in total. Assignments carry 30% weightage and Term-End Examination carries 70%. Answers must be written in your own handwriting and submitted to the Study Centre.

BECC 101 Assignment Submission End Date-upto

• For students enrolled in July 2025: 31st March 2026 – Coordinator of Study Centre
• For students enrolled in January 2026: 30th September 2026 – Coordinator of Study Centre

Why Choose Our BECC 101 IGNOU Solved Assignments?

• Prepared strictly according to BECC-101/2025-26 guidelines with full coverage of theory and numerical parts.
• Step-by-step solutions for elasticity, cost and equilibrium problems to ensure conceptual clarity.
• Proper introduction, explanation and conclusion format for 500 and 250 word answers.
• Diagrams explained clearly for income effect, substitution effect and PPF topics.
• Numerical solutions shown systematically for easy understanding and presentation.
• Error free, student friendly and exam oriented academic writing style.

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FAQs – BECC 101 Solved Assignment

1. Is BECC 101 difficult?

BECC 101 includes both theory and numerical problems. Students often find numerical questions challenging, but once formulas and concepts like elasticity, cost and equilibrium are understood, the subject becomes scoring and logical.

2. Are numerical questions solved step by step?

Yes. All numerical questions are solved with complete calculation steps so that you can understand the method and reproduce it correctly in assignments and exams.

3. Why are assignments important in BECC 101?

Assignments carry 30% weightage in your final result. If not submitted before the deadline, you cannot appear in the Term-End Examination.

4. Do I need to draw diagrams in microeconomics answers?

Yes. Diagrams for income effect, substitution effect, PPF and isoquants help improve presentation and marks. Proper labeling is important.

5. How does this solved assignment help in exams?

This solved assignment builds conceptual clarity and improves numerical solving skills. It helps you structure answers properly and gain confidence for both assignment submission and Term-End Examination.

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