Theory of Production and Cost
Topic discussed:
Constant Elasticity of Substitution Production Functions
Elasticity of Substitution
linear Production Function
Fixed Proportions Production Function
Cobb-Douglas Production Function
Comparison of Law of Variable Proportions and Law of returns to Scale
Increasing Returns to Scale
Constant Return to Scale
Decreasing returns to scale
Past Year Ques Discussed:
Q 3 (a) IES 2017
Q3 (b) IES 2017
Q 7 IES 2012
Q1 (b) IES 2018
6. Cost Minimization | Expansion Path |
Topic discussed:
Optimal Combination of inputs
The Firms Expansion Path
