Production Function , Law of Diminishing Marginal Product and Law of Variable Proportion

In this video Short Run and Long Run Production function is explained.Law of Diminishing Marginal Product and Law of Variable Proportion is Explained.

Concept of Budget Line/Budget set and Bundles of Budget Line

In this video we will study about Budget line, Budget Set and Slope of Budget line. How to determine Slope of Budget line and how to determine different Bundles by using Equation of Budget Line.