Basics Of Microeconomics Theory Of Producer Behaviour
Basics of Microeconomics : Theory of Producer Behaviour
MP4 | Video: 1280x720 | 56 kbps | 44 KHz | Duration: 1 Hours | 122 MB
Genre: eLearning | Language: English
Learn basics of economics and understand how producers maximize their profits
Welcome to 'Basics of Microeconomics : Theory of Producer Behavior'
In this course , you will understand how a producer :
1) Maximizes his profit
2) Decides what to produce and how much to produce
3) Decides what all inputs to use and in what proportion
In this course, we will discuss the following:
What is microeconomics?
What is the difference between fixed factors of production and variable factors of production?
How do we differentiate between short run and long run?
How is the meaning of cost in economics different from meaning of cost in accountancy?
What is the difference between fixed cost and variable cost?
What do we mean by Perfect competition and Monopoly market type?
What is the difference in the behavior of revenue curves in these two market types?
How does a monopoly or perfectly competitive firm decides how much to produce to maximize his profit?