Cost of production & concept of revenue | Economics￼| PART 1 |11th Gujarat Board| CA Mohit Taparia |
Channel: SHAPERS EDUCATION
Date: 2021-12-01

Hello students , 

In this video we are going to discuss with chapter number fifth of economics￼ For 11 standard Gujarat board. The name of the chapter is cost of production and concept of revenue. We have divided this chapter in two videos.￼ 

In the first video we have started with the basic introduction of different concepts of cost
Which are 1. Real cost￼ 2. Opportunity cost￼ 3. Monetary cost￼

After explanation of different types of cost we have divided the total production cost into two time frames first one is short run production cost and second one is longer than production cost.

We have explained two types of cost in shot and production cost that is fixed cost and variable cost.
After the detailed discussion of fixed cost and variable cost we have discussed average cost in this video.

All the Concepts will explain thoroughly with the help of schedule and Curve. We hope that all the concepts are explained to you in a very proper Manner. 

Do like and share the video￼.

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