BECC 102
MATHEMATICAL METHODS IN ECONOMICS
IGNOU BECC 102 Free Solved Assignment 2024
IGNOU BECC 102 Free Solved Assignment July 2024 & Jan 2025
Section A
Q 1. A monopolist faces the demand curve Q = 60-P/2. The cost function is C=Q2 Find the output that maximises this monopolist’s profits. What are the prices at profits and that output? Find the elasticity of demand at the profit maximising output.
Q 2. Given the demand function PD = 27 – Q and supply function Ps = 2Q + 3. Assuming perfect competition, find (i) the consumers’ surplus, (ii) the producers’ surplus.
Section B
Q 3. Given the aggregate consumption function C = 0.9Y + 100(where C is aggregate consumption and Y is aggregate income)
(a) Find the marginal propensity to consume (MPC) and average propensity to consume (APC)
(b) Find the elasticity of consumption with respect to income, and show that it equals MPC/APC
Q 4 Let X 1,3,5and Y 2, 4,6
Find, X U Y and the Cartesian Product of X and Y .
Q 5. Create a truth table for
(a) A B
(b) The converse of ‘A implies B’.
Section C
Q 6. What is a point of inflexion ? Does f(x) = x3 have a point of inflexion at x = 0?
Q 7. Find the integral of(y2-1) dx-2dy = 0
Q 9 . If the demand function for a good is Q=140 – 5P, what is the price elasticity of demand at P = 15 rupees?
Q 10. How long will it take a given sum of money (Say in Rupees) to increase 4 times its present value when compounded half yearly at 7% rate of interest?
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IGNOU BECC 101 Free Solved Assignment July 2024 & Jan 2025