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Page 1: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 2: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion

This course material is designed and developed by Indira Gandhi National Open

University (IGNOU), New Delhi. OSOU has been permitted to use the material.

Page 3: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion

Bachelor of Arts (Honours) in

Economics (BAEC)

BEC-1

INTRODUCTORY

MICROECONOMICS - I

Block - 3

Production & Cost Concepts

UNIT-6 THEORY OF PRODUCTION

UNIT-7 THEORY OF COSTS

Page 4: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 5: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 6: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 7: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 8: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 9: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 10: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 11: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 12: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 13: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 14: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 15: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 16: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 17: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 18: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 19: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 20: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 21: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 22: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 23: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 24: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 25: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 26: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 27: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 28: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 29: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 30: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 31: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 32: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
Page 33: This course material is designed and developed by Indira ...egyanagar.osou.ac.in/slmfiles/BAEC-01-Block-03.pdf · Law of Diminishing Marginal Product Fixed and Variable proportion
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