All resources in GENERAL ECONOMICS

Search

Production and Distribution

(View Complete Item Description)

          In economics, a production function relates physical output of a production process to physical inputs or factors of production. Firms use the production function to determine how much output they should produce given the price of a good, and what combination of inputs they should use to produce given the price of capital and labor. The production function also gives information about increasing or decreasing returns to scale and the marginal products of labor and capital.

Material Type: Module

Author: SUGAPRIYA S.P

Assessment 1

(View Complete Item Description)

A  quiz is a form of mind spot attempt to answer questions correctly. It is a game to test knowledge about a certain subject. In some countries, a quiz is also a brief assesment used in education and similar fields to measure growth in knowledge, abilities and skills. This Assessment is based on multiple choice questions for all competitive exams. We are providing you different MCQs on different topics of Indian Economy so that you can check your knowledge on different topics related to Indian Economy.

Material Type: Assessment

Author: SUGAPRIYA S.P

Price Elasticity of Demand Experiment

(View Complete Item Description)

This interactive and collaborative activity asks students to first react to price changes and then analyze the results. Instructors can upload the materials to their own Google drives and run the experiment repeatedly to generate new data and demonstrate trends. This resource was developed by Birjees Ashraf, Sophie Haci, Renee Edwards, and Charles Hackner.

Material Type: Activity/Lab

Author: OpenStax, Rice University