{"id":95509,"date":"2021-06-16T11:09:00","date_gmt":"2021-06-16T05:39:00","guid":{"rendered":"https:\/\/www.kopykitab.com\/blog\/?p=95509"},"modified":"2021-06-16T11:23:27","modified_gmt":"2021-06-16T05:53:27","slug":"ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs","status":"publish","type":"post","link":"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/","title":{"rendered":"NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs"},"content":{"rendered":"\n<p><strong>NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs<\/strong> are prepared through manner of a technique of problem experts and students can get proper of having admission to them to attain well. Go through the <a href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics\/\"><strong>NCERT Solutions for Class 12 Micro Economics<\/strong><\/a> Chapter 2 Theory of Consumer behavior and understand all the minds thoroughly. Practice the <a href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-economics-ncert-solutions\/\"><strong>NCERT Solutions for Class 12 Economics<\/strong><\/a> Chapter 3 Production and Costs on an everyday basis to understand the topics of the chapters underlying.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_47_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69e98d16908e0\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69e98d16908e0\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-visibility-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/#download-free-pdf-ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\" title=\"Download Free PDF NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs\">Download Free PDF NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/#ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\" title=\"NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs\">NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/#ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs-weightage\" title=\"NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs: Weightage&nbsp;\">NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs: Weightage&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/#topics-included-in-ncert-solutions-for-class-12th-micro-economics-chapter-3\" title=\"Topics Included in NCERT Solutions for Class 12th Micro Economics Chapter 3\">Topics Included in NCERT Solutions for Class 12th Micro Economics Chapter 3<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/#access-other-ncert-solutions-for-class-12-micro-economics-download-free-pdf\" title=\"Access Other NCERT Solutions for Class 12 Micro Economics Download Free PDF\">Access Other NCERT Solutions for Class 12 Micro Economics Download Free PDF<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/#faq-ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\" title=\"FAQ: NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs\">FAQ: NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/#can-i-download-solutions-for-class-12-micro-economics-chapter-3-production-and-costs-for-free\" title=\"Can I download Solutions for Class 12 Micro Economics Chapter 3 Production and Costs for free? \">Can I download Solutions for Class 12 Micro Economics Chapter 3 Production and Costs for free? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/#what-is-the-law-of-variable-proportions\" title=\"What is the law of variable proportions?\">What is the law of variable proportions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/#what-is-the-law-of-diminishing-marginal-product\" title=\"What is the law of diminishing marginal product?\">What is the law of diminishing marginal product?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/#what-is-meant-by-total-fixed-cost\" title=\"What is meant by Total Fixed Cost?\">What is meant by Total Fixed Cost?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/#what-is-meant-by-total-variable-cost\" title=\"What is meant by Total Variable Cost?\">What is meant by Total Variable Cost?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/#what-is-meant-by-total-cost\" title=\"What is meant by Total Cost?\">What is meant by Total Cost?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/#what-is-the-formula-for-total-cost\" title=\"What is the formula for total cost?\">What is the formula for total cost?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"download-free-pdf-ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\"><\/span>Download Free PDF NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/06\/me3.pdf\">NCERT Solutions for Class 12 Micro Economics Chapter 3<\/a><\/p>\n<div id=\"example1\" style=\"text-align: justify;\">&nbsp;<\/div>\n<p style=\"text-align: justify;\"><style>\n.pdfobject-container { height: 800px;}<br \/>\n.pdfobject { border: 1px solid #666; }<br \/>\n<\/style><\/p>\n<p style=\"text-align: justify;\"><script src=\"https:\/\/www.kopykitab.com\/_utility\/js\/pdfobject.min.js\"><\/script><br><script>PDFObject.embed(\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/06\/me3.pdf\", \"#example1\");<\/script><\/p>\n<p>If you had enough exercising of the NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs clearing the board tests is the shape of a cakewalk. This observes beneficial aid possesses a few excessive facts and the Solutions collated through manner of approach of the issue remember specialists are not any different.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\"><\/span>NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs. In the preceding chapter of NCERT Microeconomics Class 12, you should have found out approximately the behavior of consumers. In Chapter three Microeconomics Class 12, you&#8217;ll find out the behavior of a producer. The highlighted standards of the manufacturing function, the fast run, and the lengthy run, the regulation of diminishing marginal product and regulation of variable proportions, etc., were nicely included below this topic. These standards were defined in an easy and lucid language so one can assist college students to apprehend the chapter better.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs-weightage\"><\/span>NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs: Weightage&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Class 12 Micro Economics Chapter 3 Production and Costs chapter has a Weightage of round sixteen marks that are mixed with bankruptcy 4. You will simply get at least one query from the bankruptcy to maintain repeating every 12 months withinside the Board Examinations and subsequently you&#8217;ll discover content material accessible even as making ready for his or her examination.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"topics-included-in-ncert-solutions-for-class-12th-micro-economics-chapter-3\"><\/span>Topics Included in NCERT Solutions for Class 12th Micro Economics Chapter 3<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>3.1 Production Function (short questions)<\/p>\n<p>3.2 The short and the long Run (Short Questions)<\/p>\n<p>3.3 Total Average, Marginal Product (short and long questions)<\/p>\n<p>3.4 The law of diminishing marginal product and law of variable proportions (long questions)<\/p>\n<p>3.5 Shapes of Total, Average, Marginal Product Curved (important)<\/p>\n<p>3.6 Returns to Scale (short questions)<\/p>\n<p>3.7 Costs (short and long questions)<\/p>\n<h2><span class=\"ez-toc-section\" id=\"access-other-ncert-solutions-for-class-12-micro-economics-download-free-pdf\"><\/span>Access Other NCERT Solutions for Class 12 Micro Economics Download Free PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-1\/\">Chapter 1 \u2013 Introduction to Micro Economics<\/a><\/p>\n<p><a href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-2\/\">Chapter 2 \u2013 Theory of Consumer Behaviour<\/a><\/p>\n<p>Chapter 4 \u2013 The Theory of the Firm under Perfect Competition<\/p>\n<p>Chapter 5 \u2013 Market Equilibrium<\/p>\n<p>Chapter 6 \u2013 Non-competitive Markets<\/p>\n<p>We have included all the information regarded <a href=\"https:\/\/ncert.nic.in\/\" target=\"_blank\" rel=\"noopener\">NCERT<\/a> Solutions for Class 12 Micro Economics Chapter 3 Production and Costs. If you have any query feel free to ask in the comment section.&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"faq-ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\"><\/span>FAQ: NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1623492478516\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"can-i-download-solutions-for-class-12-micro-economics-chapter-3-production-and-costs-for-free\"><\/span>Can I download Solutions for Class 12 Micro Economics Chapter 3 Production and Costs for free? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, you can download Solutions for Class 12 Micro Economics Chapter 3 Production and Costs for free<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623492519281\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-is-the-law-of-variable-proportions\"><\/span>What is the law of variable proportions?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>According to the regulation of variable proportions, if increasingly units of the variable aspect (labor) are blended with the equal amount of the constant aspect (capital), then to start with the full product will grow however progressively after a factor, the full product will begin diminishing.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623492591831\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-is-the-law-of-diminishing-marginal-product\"><\/span>What is the law of diminishing marginal product?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>According to this regulation, if the units of the variable aspect continue growing retaining the extent of the constant aspect constant, then to start with the marginal product will upward push however sooner or later a factor may be reached and then the marginal made from the variable aspect will begin falling. After this factor, the marginal made from any extra variable aspect may be zero, and might also be negative.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623492592844\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-is-meant-by-total-fixed-cost\"><\/span>What is meant by Total Fixed Cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>This refers back to the prices incurred with the aid of using a company to accumulate the constant elements for manufacturing like fees of machinery, buildings, depreciation, etc. In the brief run, constant elements can not range and as a consequence, the constant fee stays equal via all output levels. These also are known as overhead prices.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623492594207\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-is-meant-by-total-variable-cost\"><\/span>What is meant by Total Variable Cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>This refers back to the prices incurred with the aid of using a company on variable inputs for manufacturing. As we grow portions of variable inputs, as a consequence the variable fee additionally is going up. It is likewise known as \u2018Prime fee\u2019 or \u2018Direct fee\u2019 and consists of prices like \u2212 wages of labor, gasoline prices, etc.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623492600350\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-is-meant-by-total-cost\"><\/span>What is meant by Total Cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The sum of general fixed cost and total variable cost is known as the total cost.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623492601486\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-is-the-formula-for-total-cost\"><\/span>What is the formula for total cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Total Cost = Total Fixed Cost + Total Variable Cost<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs are prepared through manner of a technique of problem experts and students can get proper of having admission to them to attain well. Go through the NCERT Solutions for Class 12 Micro Economics Chapter 2 Theory of Consumer behavior and understand all the &#8230; <a title=\"NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs\" class=\"read-more\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-micro-economics-chapter-3-production-and-costs\/\" aria-label=\"More on NCERT Solutions for Class 12 Micro Economics Chapter 3 Production and Costs\">Read more<\/a><\/p>\n","protected":false},"author":244,"featured_media":96519,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":""},"categories":[73413,2917,73693,73712,2985,73410],"tags":[75477,75560,75596],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/95509"}],"collection":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/users\/244"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/comments?post=95509"}],"version-history":[{"count":5,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/95509\/revisions"}],"predecessor-version":[{"id":96544,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/95509\/revisions\/96544"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/media\/96519"}],"wp:attachment":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/media?parent=95509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/categories?post=95509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/tags?post=95509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}