WASSCE Economics · Production & Factors of Production
Production Theory
Types of production, the production function, division of labour, and the law of variable proportions.
- lessons
- 2
- of study
- 13 min
- free to read
- 1
Across the topic: 8 sections · 3 worked examples · 2 diagrams
Topic content
Lessons in this topic
2 lessons · 13 min
- 1Types of production and division of labour7 minFree7 minFree
2 worked examples · 1 diagram
- 2Total, average and marginal product; the law of diminishing returns6 min Plan6 min Plan
- The production function
- Total, average and marginal product
- The law of diminishing returns
- Returns to scale (long run)
1 worked example · 1 diagram
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