The below mentioned article provides a short note on ridge lines. This will also help you to draw the diagram of ridge lines. The marginal product of a particular factor may be negative if the quantity used is too large. For example, if too much labour is used there may be congestion and the efficiency of all the labourers may [...]
The below mentioned article provides a note on super-multiplier. The term 'super-multiplier' was first coined by J.R. Hicks in his business cycle theory. The object was to show the relationship between change in induced investment and the corresponding change in income. To be more specific, it indicates the ratio between the two changes, i.e., in investment and in equilibrium output. [...]
The below mentioned article provides a study note on the supply response function. Linear Supply Response Function: In the field of agriculture, a large number of empirical studies are carried out using time series data to know the responsiveness of the area [acreage] under the crop [Supply] to the changes in the prices in lagged year. This is known as [...]