Producer Behaviour and Supply
Why does a tailor stitch more shirts when prices rise, and when does a factory shut down. This topic in NCERT Introductory Microeconomics for Class 11 explains producer behaviour through production function, total, average and marginal product, costs, revenue and the motive of profit. It covers supply law, supply schedule and curve, movements and shifts, and equilibrium of the firm. You will learn to link inputs with output and to explain how price guides what firms make and offer.
Try a free lesson