UNIT WISE QUESTIONS.PRINCIPLES OF ECONOMICS: TEN MARKS QUESTIONS: UNIT-1- Introduction to Economics: SIX MARKS QUESTIONS: TEN MARKS QUESTIONS: UNIT-2- THEORIES OF CONSUMPTIONS: SIX MARKS QUESTIONS: TEN MARKE QUESTIONS- UNIT -3- PRODUCTION: SIX MARKS QUESTIONS: TEN
Meaning: In economics, revenue refers to the total income generated by a firm from selling goods or services over a specific period. The sale proceed that a firm gets from the sale of its product
Introduction: Long run behavior of a firm is explained in terms of returns to scale that is the change in output as a result of change in all the inputs, proportion of input remains constant
