Theory of Production

Overview

Notes

Law of Returns to Scale and Law of Variable Proportion

Law of Returns to Scale and Law of Variable Proportion

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Concept of Total Product, Average Product and Marginal Product And Production Function

Concept of Total Product, Average Product and Marginal Product And Production Function

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Concept of Isoquant

Concept of Isoquant

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Optimal Employment of Two Inputs

Optimal Employment of Two Inputs

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Principle of Marginal Rate of Technical Substitution and Cobb-Douglas Production Function

Principle of Marginal Rate of Technical Substitution and Cobb-Douglas Production Function

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Lesson Info

  • Notes 5
  • Videos 0
  • Exercises 0
  • Practice Test 0
  • Skill Level Medium

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