KKHSOU Microeconomic Theory II (PGEC S2 01) Solved Assignment 2025

KRISHNA KANTA HANDIQUI STATE OPEN UNIVERSITY
Surya Kumar Bhuyan School of Social Sciences
Home Assignment
Master of Arts (Economics)
Microeconomic Theory II (PGEC S2 01)
2 nd Semester
(2025 sessions)
Total Marks 50
Last Date of Submission: 31/08/2025

[Assignments are required to be written in your own language. Copying in toto from the learning materials will carry less score

Answer the following questions (Answer within 3 0 0 words). 10x5 =50
1) “All the three conditions for economic efficiency are satisfied only when perfect competitive markets are in equilibrium”. Explain the statement
2) Explain the assumptions of Coase theorem. Discuss the various causes of market failure? 5 + 5 =10
3) Briefly explain how present value is computed. Discuss how investment decisions are taken based on the different criterion. 4 + 6 =10
4) Explain Expected utility and certainty equivalence with suitable example.
5) Discuss the wage determination under perfect competition in factor and product market.