Production Function ; Long Run & Short Run
Relation among Total product
Average Product
Marginal Product
Laws of returns to a variable factor
Laws of Returns to Scale
Concepts of iso - quant line
Concepts of iso- cost line
Relation between Average & Marginal Costs
Conditions of optimization (Graphical Approach )
Cost :Accounting and Economic Cost
Cost : Social & Private Costs
Cost : Short Run & Long Run
Determination of LAC curve from SAC curve
Long Run Marginal Curve