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Economics XII

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07 December

The Law of diminishing marginal utility:

  • Posted by EbookNepal.COM
  • Categories Economics XII, Grade XII, HSEB Notes

The Law of diminishing marginal utility:

This law was first of all developed by H.H Gossen in 1854 AD, which is also

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07 December

Positive cross elasticity of substitute goods

  • Posted by EbookNepal.COM
  • Categories Economics XII, Grade XII, HSEB Notes

Positive cross elasticity of substitute goods

Cross elasticity of demand is positive because when the price of one commodity i.e. x commodity

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07 December

Marginal Cost (MC)

  • Posted by EbookNepal.COM
  • Categories Economics XII, Grade XII, HSEB Notes

Marginal Cost (MC)

Marginal Cost (MC): It refers to the change in total cost due to change in additional unit of output

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07 December

Meaning

  • Posted by EbookNepal.COM
  • Categories Economics XII, Grade XII, HSEB Notes

Meaning

Income earned by the firm or industry by selling the produced output in the market is known as revenue. According to

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07 December

Application of Law of diminishing return especially in agriculture

  • Posted by EbookNepal.COM
  • Categories Economics XII, Grade XII, HSEB Notes

Application of Law of diminishing return especially in agriculture

Role of nature: Nature plays vital role than man in agriculture. Natural factors like rainfall, landslide, sunlight, etc. are

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