Class 11 NCERT MICRO ECONOMICS
Chapter 1 introduction
CENTRAL PROBLEMS OF AN ECONOMY Production, exchange and consumption of goods and services are among the basic economic activities of…
Chapter 2 theory of consumer behaviour
Utility – A consumer usually decides his demand for a commodity on the basis of utility (or satisfaction) that he…
Chapter 3 production and costs
Introduction Production Function The production function of a firm is a relationship between inputs used and output produced by the…
Chapter 4 the theory of the firm under perfect competition
Introduction We first set up and examine in detail the profit maximization problem of a firm. Then, 0 we derive…
Chapter 5 market equilibrium
Equilibrium, Excess Demand, Excess Supply A perfectly competitive market consists of buyers and sellers who are driven by their self-interested…
