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This video describes about Theory of Production for UGC Net/JRF Economics, Unit - 1, Law of variable proportion, Return to scale, Isoquant, Cobb-Douglas. In this we learn about-
Short run production function
Law of variable proportion
Long time period law
Return to scale
Isoquant
Types of Isoquant
Iso cost line
Least cost combination
Cobb-douglas production function
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