Class 11/Economics/Theory of Production

The Note of Grade 11 “Economics” Chapter 5 “Theory of Production” goes like this…..

Chapter Overview:

• Concept of Production Function:
  Short Run Production Function
  Long Run Production Function
• Concept of Total Product, Average Product and Marginal Product
• Law of Variable Proportion
• Law of Returns to Scale

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Here are the link of other chapter’s notes of Economics-I.
1. Basic Concept of Economics and Allocation of Resources
2. Demand, Supply and Market Equilibrium
3. Elasticity of Demand and Supply
4. Consumer’s Behaviour
5. Theory of Production
6. Introduction to Macroeconomics
7. National Income Accounting
8.Money and Inflation
9. Economic Development, Growth and Capital Formation
10. Review of Nepalese Economy
11. Natural Resources of Nepal
12. Agriculture in Nepal
13. Manufacturing and Tourism Industry in Nepal
14. Transportation and Communication
15. Fundamental Concepts of Mathematics