Question 2:

Draw the mirror image of Short run Production Function.

Question 3:

Explain the Shifting factor of cost curves and all the factors that will change slope.

Question 4:

What is producer Equilibrium.

Question 5:

When isoquant cross isocost. Will it be equilibrium; Yes or No? Explain:

i. Graphically

ii. Economically

iii. Algebrically

Question 6:

Explain linear and non linear ppf in economic perspective.