Production Theory
Concept of productions, Total Product, Marginal Product, Average Product, Factors of Production, Production Function, Law Variable Proportions, Law of Diminishing Returns,
Course Material
- What is Economics
- Definitions of Economics
- Nature and Scope of Economics;
- Consumer Theory
- Cardinal Approach of Consumer Theory
- Ordinal Approach of Consumer Theory
- Market Mechanism
- Elasticity of Demand
- Demand Theory
- Supply and Elasticity of Supply
- Production Theory
- ISO Quants ISO Cost Line and Producer Equilibrium
- Cost Concepts and Behavior
- Revenue Concepts and Market structures
- Market Structures and Firms Revenue Relationship
- Equilibrium Price and Output Determination
- Chapters 16
- Department Business Administration
- Teacher
Mr. Ahmad Saeed
