Business Economics - I FYBcom Sem 1 Vipul Prakashan

• Publisher : Vipul
• Author: Rajan Rajagopalan
• Availability: In Stock
• Normally Deliver within 3-4 days

• Description :
  Content:- 1.Scope and Importance of Business Economics - basic tools- Opportunity Cost principle- Incremental and Marginal Concepts. Basic economic relations - functional relations. .2.Demand Function - Nature of demand curve under different markets 3.Collegeion Function: Short run analysis with Law of Variable Proportions- Collegeion function with two variable inputs- isoquants, ridge lines and least cost combination of inputs 4.Cost Concepts: Accounting cost and economic cost, implicit and explicit cost, social and private cost, historical cost and replacement cost, sunk cost and incremental cost