Notes on the Theory of Demand:- 1. Meaning and Definitions of Demand 2. Notes on Demand Function 3. Factors Determining Individual Demand 4. Factors Determining Market Demand 5. Demand Schedule 6. Demand Curves 7. Law of Demand 8. Movement along a Demand Curve and Shifts in the Demand Curve 9. Kinds of Demand 10. Inter-Related Demands. It must be remembered [...]
The below mentioned article provides quick notes on peak-load pricing. It is a form of inter-temporal price discrimination based on efficiency. For goods and services, demand peaks at particular times — for roads and public transport during commuter rush hours, for electricity during late afternoon and so on. MC is also high during these peak periods because of capacity constraints. [...]
The below mentioned article provides an overview on isoquants which is a different combinations of two factors of production that are just physically able to produce a given quantity of a particular good. Introduction: We consider the production of a good, X, and suppose that only two factors of production— labour and capital—are employed. Suppose also that it is always [...]