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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

Page 34: 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 35: 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 36: 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 37: 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 38: 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 39: 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 40: 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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