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GyanMul Prep · NEB +2 · Management · Grade 12

Economics (Management, Grade 12)

Everything on these tabs is Economics (Management, Grade 12) only, within NEB +2 Management · Grade 12.

Management · Grade 12 subjects

GyanMul Prep · NEB +2 · Management · Grade 12

Economics (Management, Grade 12)

Everything on these tabs is Economics (Management, Grade 12) only, within NEB +2 Management · Grade 12.

Management · Grade 12 subjects

Chapter 4 of 15 · Economics (Management, Grade 12)

Theory of Price and Output Determination

5 topics
Board exam — marks not published

How much a firm produces and at what price: equilibrium under perfect competition in the short and long run, and under monopoly — by MR = MC and with cost and revenue functions.

Topics

What the syllabus defines for this chapter

1Equilibrium of a firm: TR-TC and MR-MC approaches
2Perfect competition: features and short-run equilibrium
3Perfect competition: long-run equilibrium of firm and industry
4Monopoly: features and equilibrium price and output
5Numerical problems with cost and revenue functions