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IGNOU BECE-15 Elementary Mathematical Methods in Economics - Latest Solved Assignment

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IGNOU - BECE-15 (Jul 20 - Jan 21, Jul 21 - Jan 22) Solved Assignment

Are you looking to download a PDF soft copy of the Solved Assignment BECE-15 - Elementary Mathematical Methods in Economics? Then GullyBaba is the right place for you. We have the Assignment available in English and Hindi language. This particular Assignment references the syllabus chosen for the subject of Mathematics, for the July 2021 - January 2022 session. The code for the assignment is BECE-15 and it is often used by students who are enrolled in the BA Degree. Once students have paid for the Assignment, they can Instantly Download to their PC, Laptop or Mobile Devices in soft copy as a PDF format. After studying the contents of this Assignment, students will have a better grasp of the subject and will be able to prepare for their upcoming tests.

PLEASE MATCH YOUR ASSIGNMENT QUESTIONS ACCORDING TO YOUR SESSION

IGNOU BECE-15 (July 2021 – January 2022) Assignment Questions

A. Long Answer Questions

Answer any two questions.

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 maximizing output.

2. A firm in a perfectly competitive market has the following cost function:
C = 1/3q3 – 5q2 + 30q +10
If the market-clearing price is 6, obtain the profit maximising level of output.

3. Consider the following Macro-Model (Multiplier – Accelerator Interaction):

i) Find the time path Y(t) of national income, and
ii) Comment on the stability conditions.

4. Discuss the importance of the Hawkins-Simon conditions in input-output analysis.

B. Medium Answer Questions

Answer any three questions.

5. Using Cramer’s rule solve the following equations:
(i) x + y – 2 = 0
2x- y +2 = 3
4x + 2y -22 = 2
(ii) 2x+4y = 18
4x-6y = 8

6. Find the short run average cost for the production function q = AL1/3K2/3 where total cost (TC) = wL + rK, the symbols having their usual meaning.

7. Find the matrix inverse of

8. Determine the eigenvalues and eigenvectors of the matrix

9. i) Let 
For what values of x will be the function be discontinuous?
ii) Show that 
tends to a1/a2 as 

10. Determine the distance between the points:
i) (3, 0, 7) and (- 4, 8, 2)
ii) (4, 6, 7, 1) and (-3, 0, 2, 4)
iii) The distance between the points (3, 1, 2, 4) and  is 200. What can be said about the value of 

C. Short Answer Questions

Answer any three questions.

11. Evaluate the Limits of

12. If the demand function for a good is Q= 140 – 5P, what is the price elasticity of demand at P = 15 rupees?

13. If Z = f(x,y) = xy
Find the maximum value for f(x,y) if x & y are constrained to sum to 1 (That is x +y = 1). Solve the problem in two ways: by substitution and by using the Lagrangian multiplier method.

14. Define
a. Adjugate of a matrix
b. Decomposable matrix
c. Singular matrix

15. Determine the characteristic roots and the characteristic vectors of the matrix

16. Integrate
(i) x Sin x etc.

IGNOU BECE-15 (July 2020 – January 2021) Assignment Questions

Answer any two questions.

  1. A monopolist faces the demand curve Q = 80 – 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 maximizing output.
  2. A firm in a perfectly competitive market has the following cost function:
    C = 1/3q3 – 5q2 + 30q +30
    If the market-clearing price is 9, obtain the profit maximising level of output.
  3. Consider the following Macro-Model (Multiplier – Accelerator Interaction):

    i) Find the time path Y(t) of national income, and
    ii) Comment on the stability conditions.
  4. Discuss the importance of the Hawkins-Simon conditions in input-output analysis.

Answer any three questions.

  1. Using Cramer’s rule solve the following equations:
    (i) x + y – 2 = 0
    2x- y +2 = 3
    4x + 2y -22 = 2
    (ii) 2x+4y = 18
    4x-6y = 8
  2. Find the short run average cost for the production function q = AL2/3K1/3 where total cost (TC) = wL + rK, the symbols having their usual meaning.
  3. Find the matrix inverse of
  4. Determine the eigenvalues and eigenvectors of the matrix
  5. i) Let 
    For what values of x will be the function be discontinuous?
    ii) Show that 
    tends to a1/a2 as 
  6. Determine the distance between the points:
    i) (3, 0, 7) and (- 4, 8, 2)
    ii) (4, 6, 7, 1) and (-3, 0, 2, 4)
    iii) The distance between the points (3, 1, 2, 4) and  is 200. What can be said about the value of 

Answer any three questions.

  1. Evaluate the Limits of
  2. If the demand function for a good is Q= 280 – 10P, what is the price elasticity of demand at P = 30 rupees?
  3. If Z = f(x,y) = xy
    Find the maximum value for f(x,y) if x & y are constrained to sum to 1 (That is x +y = 1). Solve the problem in two ways: by substitution and by using the Lagrangian multiplier method.
  4. Define
    a. Adjugate of a matrix
    b. Decomposable matrix
    c. Singular matrix
  5. Determine the characteristic roots and the characteristic vectors of the matrix
  6. Integrate
    (i) x Sin x

IGNOU BECE-15 (July 2021 – January 2022) Assignment Questions

IGNOU BECE-15 (July 2020 – January 2021) Assignment Questions

BECE-15 Assignments Details

University : IGNOU (Indira Gandhi National Open University)
Title :Elementary Mathematical Methods in Economics
Language(s) : English, Hindi
Code : BECE-15
Degree :
Subject : Mathematics
Course : Core Courses (CC)
Author : Gullybaba.com Panel
Publisher : Gullybaba Publishing House Pvt. Ltd.

Assignment Submission End Date-upto

The IGNOU open learning format requires students to submit study Assignments. Here is the final end date of the submission of this particular assignment according to the university calendar.

  • 30th April (if Enrolled in the June Exams)
  • 31st October (if Enrolled in the December Exams).

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In this section you can find other relevant information related to the Assignment you are looking at. It will give you an idea of what to expect when downloading a PDF soft copy from GullyBaba.

  • All Solved Answers By IGNOU Experts.
  • Available for 3 Times for Download.
  • Downloadable Soft Copy in PDF.
  • Print Ready Format: A4 (21 x 29 x .20 cm (Width x Length x Height)
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Assignment-BECE-15-min

Elementary Mathematical Methods in Economics

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