Lesson 26 of 55 • 12 upvotes • 12:04mins
In this lesson we learn about the concept of return to scale
55 lessons • 11h 11m
Introduction of the Course
3:00mins
Production and allocation of Resources
12:06mins
Central problem of Economy
12:30mins
Organisation of Economic Activities
13:02mins
Microeconomics and Macroeconomics
12:51mins
Cardinal utility analysis
12:07mins
Law of diminishing marginal utility
12:09mins
Ordinal utility analysis and indifference curve
12:11mins
Features of indifference curve
12:06mins
The consumer's budget
12:01mins
Price ratio and the slope of budget line
12:30mins
Optimal choice of consumer
12:11mins
Demand
12:09mins
Law of demand
12:35mins
Shift in demand curve
12:12mins
Market demand
12:12mins
Elasticity of demand
12:18mins
Elasticity demand curve
12:42mins
Relationship between elasticity and demand
12:14mins
Relationship between elasticity and expenditure
12:26mins
Production function
12:05mins
Isoquant
12:18mins
The short run and the long run
12:13mins
Total product, average product and marginal product
12:07mins
The law of diminishing marginal product
12:10mins
Return to scale
12:04mins
Various concepts of cost
12:17mins
Shapes of short run cost curves
12:24mins
Long run costs
12:12mins
Defining features in perfect competition
12:17mins
Revenue of a firm
12:13mins
Profit maximization -I
12:19mins
Profit maximization -II
12:32mins
Short run supply curve of a firm
12:02mins
Long run supply curve of a firm
12:18mins
Break even point and opportunity cost
12:21mins
Determinants of firms supply curve
12:21mins
Market supply curve
12:12mins
Price elasticity of supply
12:11mins
Market equilibrium
12:10mins
Market equilibrium for a fixed number of firms
12:08mins
Wage determination in labour market
12:53mins
Impact of shift in demand
12:35mins
Impact of shift in supply and demand
13:43mins
Market equilibrium: Free entry and exit
12:13mins
Shift in demand
12:27mins
Application of supply demand analysis
12:49mins
Non competitive markets
12:16mins
Price quality relationship in Monopoly firm
12:09mins
Zero cost Monopoly firm
12:28mins
Total average and marginal revenues
12:13mins
Equilibrium condition for a Monopoly firm
12:44mins
Comparison of monopoly firm with perfect competition
12:27mins
Equilibrium of a monopolistic competition
13:01mins
Behaviour of forms in oligopoly
12:31mins