Cost is the most important factor which influences the supply of commodities. Since the highest cost reduces the profits of the producer it is a very important factor to consider very seriously by the producer.
In this “Analysis of Cost and Revenue - Applied Economics” you will learn about following topics:
- Nature and Types of Cost Curves
- Concept of Costs
- Types of Costs
- Time and Costs
- Short Run Period
- Short Run Total Costs and Curves
- Short Run Average Cost and Curves
- Short Run Marginal Cost (MC)
- Long Run Period
- Long-Run Cost Curves
- The relation between Average Cost and Marginal Cost Curve
- Nature and Type of Revenue Curve
- Concept of Revenue
- Derivation of TR, AR and MR Curve under Different Market Structure
- Perfect Competition
- Imperfect Competition (Monopoly)
==== Point to Note ====
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BCA 6th Semester Applied Economics Notes Pdf:
- Unit I: Introduction Of Economics - Applied Economics
- Unit II: Theory Of Consumer Demand - Applied Economics
- Unit IV: Theory Of Production - Applied Economics
- Unit V: Product Pricing - Applied Economics
- Unit VI: Factor Pricing - Applied Economics
- Unit VII: National Income - Applied Economics
- Unit VIII: Theory Of Employment - Applied Economics
- Unit IX: Consumption Saving And Investment Functions - Applied Economics
- Unit X: Business Cycle - Applied Economics
- Unit XI: The Mechanism Of Foreign Exchange - Applied Economics
- Unit XII: Macro Stabilizing Policies - Applied Economics
- Unit XIII: Economics of Development - Applied Economics
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