CBSE · Class 11 · Economics
Production Function and Costs
Chapter 6.1Introductory MicroeconomicsCBSE / NCERT · Secondary & Senior Secondary
Topics
Production
- Short-run and long-run production function
- Total, average and marginal product
- Returns to a factor
Costs
- Total, fixed and variable costs
- Average and marginal costs and their relationships
Learning objectives
- Relate marginal product to returns to a factor and explain short-run cost curves.
Labs for this chapter are on the way
We are building worlds, labs and stories for Production Function and Costs. Meanwhile, practise its questions or explore the rest of Social Science.
