Production Function | Chapter 5 | Video 2 | CBSE, ISC | Class 11 | Micro Economics | BBA, B.Com, BBM

Описание: Heylo bacchoo, welcome to a new playlist where we will discuss only important topics and not the entire chapter.

In this video lets discuss about concept of Product - total product, average product, marginal product, LAW OF VARIABLE PROPORTIONS, assumptions of law of variable proportion.

Stay tuned, in the next video, we will discuss about the Reasons for law of variable proportion, phase of operation, law of diminishing returns, relationship between TP and MP, relationship between AP and MP.

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