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Production Function: Some Important Relationships
Lesson 8 of 9 • 11 upvotes • 8:14mins
Sanchit Gupta
In this lesson we will be talking about some important relationships between total product-marginal product and average product - marginal product. Returns to scale is also discussed
Production Function in Economics
9 lessons • 1h 4m
1
Production Function: What is Production? Factors of Production and Total Physical Product
9:07mins
2
Average Physical Product
5:00mins
3
Marginal Physical Product
4:32mins
4
Types of Production Functions
5:59mins
5
The Law of Variable Proportions
9:17mins
6
The Law of Variable Proportions: Explanation of Schedule and Diagram and Assumptions to the Law
9:41mins
7
Difference between Law of Variable Proportions and Returns to Scale
5:53mins
8
Production Function: Some Important Relationships
8:14mins
9
High Order Thinking Skills Questions
7:05mins
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