Class 11 Economics – Theory of Production

Theory of Production


Chapter 2: Microeconomics

2.4 Theory of production

2.4.1 Concept of production and production function (Short and Long run)

2.4.2 Total average and marginal products and their derivation

2.4.3 Law of variable proportions

2.4.4 Laws of returns to scale

Also Visit:

  1. Consumer’s Behavior
  2. Demand, Supply and Market Equilibrium
  3. Elasticity of Demand and Supply

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Notes By: Bikash Pandeya


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