NCERT Class XII Economics: Microeconomics – Production and Costs

National Council of Educational Research and Training (NCERT) Book for Class XII
Subject: Economics
Chapter: Microeconomics – Production and Costs

Topics covered in this chapter

  1. Production Function
  2. The Short Run and the Long Run
  3. Total Product, Average Product and Marginal Product
    1. Total Product
    2. Average Product
    3. Marginal Product
  4. The Law of Diminishing Marginal Product and the Law of Variable Proportions
  5. Shapes of Total Product, Marginal Product and Average Product Curves
  6. Returns to Scale
  7. Costs
    1. Short Run Costs
    2. Long Run Costs

Class XII NCERT Economics Text Book Microeconomics  Production and Costs is given below

Go to NCERT Class XII Economics Book Home Page All NCERT Books