Unit 1.2. Theory of Production and Cost (UGC NET Economics) in Hindi (complete) скачать в хорошем качестве

Unit 1.2. Theory of Production and Cost (UGC NET Economics) in Hindi (complete)

This video discusses the second topic of first unit of UGC NET/JRF Economics syllabus. The topics covered in this video are: • Theory of Production and Cost (Introduction) • Factors of production (detail) o Land o Labor o Capital o Entrepreneur • Production Function • Cobb-Douglas function • Isoquant/Equal production curve (Iso production curve) • Types of Isoquants o Linear isoquant o Input-output isoquant o Kinked isoquant o Smooth, convex isoquant • Isocost Lines • Production equilibrium (production optimization.) • Law of diminishing Return • Law of variable proportion (Short Run) • Law of return to scale (Long Run) • Marginal rate of technical substitution MRTS (table and figure) • Factor Intensity • Theory of Cost (Introduction) • Types of Costs o Accounting Costs: o Outlay Costs: o Explicit Costs: o Implicit Costs: o Opportunity Costs: o Economic Costs: o Direct / Traceable Costs: o Indirect / Non-Traceable Costs: o Fixed Costs. o Variable Costs. o Operating costs: o Sunk cost: • Cost Function • Short run cost (complete, table, figure) • Difference Between short run and long run • Total Fixed Costs (TFC): • Total Variable Cost (TVC): • Short run total cost • Relationship Between Marginal and Average Variable Costs • Long-Run Cost: • Long Run Total Cost • Long Run Average Cost • Long Run Marginal Cost • Economies and diseconomies of scale For Business / Promotion Related Queries, contact at: [email protected] You can also visit us at:   / mgtclasses      / managementclasses     / managementclas1     / mgtclass