Law of Supply
Law of Supply Class 11 Notes Various economists have extensively studied the behavior of sellers and producers and firms. As a result they arrived at
May 28, 2019
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Category: Economics Class 11
Determinants of Supply
Determinants of Supply Class 11 Notes There are several important factors that are the determinants of the supply of a commodity. A change in any
May 28, 2019
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Supply Schedule in Economics Class 11
Supply Schedule Class 11 Notes Supply is the quantity of a commodity that a producer is willing and able to offer for sale at a
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Total Product, Marginal Product & Average Product Class 11 Notes
Total Product, Marginal Product, Average Products in Economics Class 11 Notes Product or output refers to the volume of goods produced by a firm or
May 14, 2019
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Relationship Between Total Cost Marginal Cost and Average Cost Class 11 Notes
Relationship Between Total Cost Marginal Cost and Average Cost There are several types of short run costs like Average Cost (AC), Marginal Cost (MC) and
May 14, 2019
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Cost Concept in Economics Class 11 Notes
Cost Concept in Economics Class 11 Notes The cost concept in economics tells us how expensive it will be to carry out the production of
May 14, 2019
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Relationship Between Total Product Average Product and Marginal Product Class 11 Notes
Relationship Between Total Product Average Product and Marginal Product Class 11 Notes There is a unique relationship between total product (TP) and marginal product (MP)
May 14, 2019
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Short Run Cost in Economics Class 11 Notes
Short Run Cost in Economics Class 11 Short run cost is such a cost which is incurred during the short run of a production process.
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Law of Variable Proportion in Economics Class 11 Notes
Law of Variable Proportion in Economics Class 11 In the short run, the output is affected due to change in variable input, assuming no change
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Concept of Production Function Class 11 Economics Notes
Concept of Production Function Class 11 In an economy, both consumers and producers are needed for a smooth functioning. A producer makes use of various
May 14, 2019
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Conditions of Consumer’s Equilibrium Class 11 Notes
Topic Conditions of Consumer’s Equilibrium Subject Microeconomics Category CBSE Class 11 Notes The term ‘equilibrium’ is frequently used in economic analysis. Equilibrium means a state
May 2, 2019
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Total Utility and Marginal Utility Class 11 Notes
Topic Total Utility and Marginal Utility Subject Microeconomics Category CBSE Class 11 Notes Total Utility and Marginal Utility Utility is the satisfying power of
May 2, 2019
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