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Class 11 Micro Economics Solutions English Medium
Download latest NCERT Solutions for Class 11 based on CBSE 2026-27 syllabus. Get chapter-wise detailed explanations, step-by-step answers, important questions and exam-ready study material in Hindi and English medium.
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Class 11 Micro Economics Solutions English Medium
NCERT Solutions for Class 11 are specially prepared according to the latest CBSE syllabus (2026-27) to help students understand every concept clearly. These solutions provide step-by-step explanations, accurate answers, and exam-oriented guidance for all chapters. Class 11 students can improve their problem-solving skills, strengthen conceptual understanding, and prepare confidently for school as well as board examinations. All questions are solved in a simple and easy-to-understand language for both Hindi and English medium learners.
Class 11 Micro Economics Solutions English Medium
NCERT Solutions Class 11 Micro Economics English Medium
Theory of Production, Cost and Revenue
Topic: Theory of production and production function
Fixed factors and Variable factors :
Fixed factors - fixed foctors are those factor inputs whose quantity remains same. they do not vary with the volume of output. for e.g. land is a fixed factor and rent paid for land is a fixed cost.
Variable factors - Varible foctors are Those factors which change with a change in the level of output. for e.g. raw material, labour etc.
Short Run and Long Run Production :
Short Run : Short run is that period (only one input is variable and all other inputs are assumed to be constant) where atleast one of the factors of production is fixed.
Long Run : It refers to that period where all factors of production become variable.
Production Functions :
- The functional relationship between input and output is known as production function.
- As per production function, output is a dependent variable and input is an independent variable.
- Production function states that production is a functional relationship between production and its various factors.
Qx = f (L,K,T ..... n)
Where,
Qn = output
L = labour
K = capital
T = level of technology
n = other inputs employed in production.
Assumptions of production funtion :
- The level of technology remains constant.
- The firm uses its input at maximum level of efficiency.
- It relates to particular unit of time.
- A change in any of the variable factors produces a corrosponding change in the level of output.
- The inputs are divisible into most viable units.
There are two types of production function :
(a) Short run production function.
(b) Long run production function.
Short Run Production function : In short run production function, the quantity of only one inputs varies. It occurs in the short run.
Long Run Production function : It occurs in the long run where a firm can change all factors of production.
Returns to factor (Law of variable Proportion) :
- Law of variable proportion states that ''as we increase more and more units of variable factors on a given fixed factors, output first increase at an increasing rate, then at a diminishing rate and finally declines".
- It occurs in the short run.
- This law is also known as "law of diminishing returns".
- Classical economists call this law as law of Diminishing returns whereas it is called as law of variable proportion by modern economist.
| Units of Land |
Units Of Labours |
Total Product (TP) | Marginal Product (MP) |
| 1 | 1 | 2 | 2 |
| 1 | 2 | 5 | 3 |
| 1 | 3 | 9 | 4 |
| 1 | 4 | 12 | 3 |
| 1 | 5 | 14 | 2 |
| 1 | 6 | 15 | 1 |
| 1 | 7 | 15 | 0 |
| 1 | 8 | 14 | -1 |
Assumptions of Law of variable Proportion :
- Technology remains constant.
- There are two factors of production one inputs factor is variable and other factor is kept constant.
- All units of variable factors are identical in size and quantity.
- A particular production can be produced under varying production of the input combinations.
- Operates in short run.
Concepts of product :
Total product - It refers to the volume of goods and services produced during a specified period of time.
Average Product - It is the per unit production of variable factor. It is calculated by dividing total product with the number of units of variable factor:
AP = TP/N
Marginal Product - Marginal product is the change in the total product resulting from an additional unit of variable factor. It can be expressed as follow:
MPn = TPn - TPn-1
Where,
MPn = marginal product of nth unit
TPn = total product of nth unit
TPn-1 = total product of previous unit
Reason for Returns:
1. Increasing Returns -
(a) Fuller utilization of fixed factor.
(b) Division of labour.
2. Diminishing Returns -
(a) Disturbing the optimum proportion.
(b) Imperfect substitutability of factors of production.
3. Negative Returns -
(a) Over crowding.
(b) Management problem.
Law of Returns to Scale:
- Returns to scale relates to the behaviour of total output as all inputs are varied in the same proportion.
- It is a long run concept, where all factors are variable.
- There are three types of returns to scale -
(a) Increasing Returns to scale.
(b) Constant Returns to scale.
(c) Diminishing Returns to scale.
NCERT Solutions Class 11 Hindi and English Medium – Complete Study Material
NCERT Solutions Class 11 students ke liye specially CBSE latest syllabus (2026-27) ke according prepare kiye gaye hain. Yeh solutions Hindi aur English medium dono ke liye available hain, jisse har student apni language preference ke hisaab se padh sakta hai. Har chapter ke sabhi prashnon ke step-by-step answers diye gaye hain jo concept clarity aur exam preparation me madad karte hain.
Chapter-Wise Detailed Explanations
Class 11 ke liye diye gaye Chapter Wise NCERT Solutions me har question ka detailed aur easy explanation diya gaya hai. Chahe aap CBSE Board Exam Preparation kar rahe ho ya school test ke liye revise kar rahe ho, yeh solutions aapko complete understanding denge. Har answer simple language me likha gaya hai jisse students concepts ko easily grasp kar saken.
Hindi and English Medium Support
Students Hindi aur English medium dono me NCERT Book Solutions Class 11 access kar sakte hain. Yeh dual language support un students ke liye helpful hai jo apni regional language me better samajhna chahte hain. Sabhi answers CBSE Latest Syllabus 2026-27 ke anusaar update kiye gaye hain.
Important Features of NCERT Solutions
- Class 11 NCERT Solutions PDF
- CBSE Class 11 Study Material
- NCERT Book Questions and Answers
- Exam Oriented Important Questions
- Step-by-Step Detailed Solutions
- Concept Clarity and Revision Notes
Why Students Should Use NCERT Solutions?
Aaj ke competitive environment me sirf textbook padhna kaafi nahi hota. NCERT Solutions for Class 11 students ko practice aur conceptual understanding dono provide karte hain. Yeh solutions unhe exam pattern samajhne, frequently asked questions practice karne aur high score achieve karne me madad karte hain. Regular practice se students apne weak topics ko improve kar sakte hain.
Best Resource for Exam Preparation
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Isliye agar aap NCERT Solutions Class 11 Hindi and English Medium search kar rahe hain, to yahan aapko complete chapter-wise solutions milenge jo aapki academic journey ko strong aur confident banayenge.