Least Cost Factor Combination in Hindi
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- เผยแพร่เมื่อ 5 ก.ย. 2024
- This video explains Least-cost factor combination with Isoquant and Isocost line. It also discusses about the Marginal Rate of Technical Substitution.
𝗙𝗼𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 / 𝗣𝗿𝗼𝗺𝗼𝘁𝗶𝗼𝗻𝘀 𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗤𝘂𝗲𝗿𝗶𝗲𝘀 Contact 𝗮𝘁: mgtclasses2018@gmail.com
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Sir please provide some notes also. It will be more helpful while revising.... At the end of moment of exam...
Extremely sorry Rekha. I do not have notes. I generally prepare from the points only.
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marginal rate of substitution is inverse of price ratio at producer equilibrium but the condition is not satisfied in your example ? can you please rply me
Thank you Kasa, I am badly busy now days. I will explain to you, pls give me some time.
I have one doubt... If capital is kept 1 unit and labour is kept 10 units and production is let's say 100 units, and then I increased by capital by 1 extra unit making it 2, and so decreased the labour by 4 units, still the production being same... And then again I increased capital by 1 unit, and now the labour should again decrease by 4 units only no, because in 1st case we saw that work of 4 labourers is done by 1 unit of capital... please clear it.