Microeconomics: The Logic of Choice · Microeconomics

Producer Behavior and Supply

Analyzing production functions, costs, and the factors that influence a firm's willingness to sell.

Key Questions

  1. 1How do diminishing marginal returns influence a firm's hiring decisions?
  2. 2What incentives drive a producer to innovate in a highly competitive market?
  3. 3Who bears the cost when a firm experiences a sudden increase in raw material prices?

CBSE Learning Outcomes

CBSE: Producer Behaviour and Supply - Class 11
Class: Class 11
Subject: Economics
Unit: Microeconomics: The Logic of Choice
Period: Microeconomics

Suggested Methodologies

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