IGNOU BCOG-171 Important Question & Exam Notes

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Top 20 Question of BCOG-171 Principles of Micro Economics


S.NoAnswer the following in about 500 words each.
1Explain the main determinants of demand of a commodity in the market. Distinguish between an Inferior good (commodity) and a Giffen good.
2Explain the Law of Supply. Point out its exceptions.
3Explain the concept of consumer’s surplus. What are its limitations?
4What is full-cost pricing principle? How does it lead to a higher than optimum production?
5Explain the marginal productivity theory of distribution. Also state its assumptions. Why is the marginal productivity theory not considered a satisfactory theory of distribution?
S.NoAnswer the following questions in about 250 words each.
1Distinguish between positive and normative economics. Which one should be preferred and why?
2Explain the attainment of equilibrium position by a consumer with the help of an indifference curve.
3What is backward bending supply curve? Explain with an example.
4Explain the nature of Average Revenue Curve and Marginal Revenue Curve of a firm under Oligopoly
S.NoAnswer the following questions in about 100 words each.
1‘Scarcity is the mother of every economic system.’ Explain.
2What are the properties of an Isoquant?
3Distinguish between primary and intermediate inputs.
4Critically examine the Law of Equimarginal Utility.
IGNOU BEVAE-181 Important Question & Exam Notes

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IGNOU BCOG-171 Important Question In Hindi Medium

IGNOU BCOG-171 Important Question In Hindi Medium

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FAQ on IGNOU BCOG-171 Important Question & Guess Paper English

What is BCOG-171 Full Form in IGNOU University

The Full Form of BCOG-171 is Principles of Micro Economics

BCOG-171 is Which Program

it is BCOMG Course in BCOMG in IGNOU

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