Accounting



Item Name

"AII costs are variable in the long -run". Explain.

Define and Explain Iso-quants. What are the properties of Iso-quants ? Explain the producer's equilibrium with the help of Iso-quants.

Define cost, Explain the different cost concepts used in the process of cost analysis.

Define cost. Explain the different cost concepts used in the process of cost analysis.

Distinguish between: (a) Fixed cost and variable cost (b) Explicit and implicit cost (c) Out of pocket cost and book cost

Explain and illustrate the following. (a) The law of constant returns. (b) The law of increasing returns.

Explain Break-Even Analysis through tabular and graphical manner with numerical presentation

Explain Cobb-Douglas production?

Explain Cobb-Douglas production?

Explain how cost-output relationship helps the entrepreneurs in expansion decisions.