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CBSE Class XII (12th) Result Out
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She rejected me by saying
"Tum commerce walo ko achi job nhi milti"
Now her husband is visiting my company
"Koi job ki vacancy ho to batana please"💀
✅ List of Abbreviations Used in Economics ✅️
📍Unit 1. Introduction
PPF: Production Possibility Frontier
PPS: Production Possibility Set
PPC: Production Possibility Curve
IC: Indifference Curve
📍Unit 2. Consumer’s Equilibrium and Demand
MRS: Marginal Rate of Substitution
MRT: Marginal Rate of Transformation
TU: Total Utility
MU: Marginal Utility
ED: Elasticity of Demand
ES: Elasticity of Supply
📍Unit 3. Producer Behaviour and Supply
TP: Total Product
AP: Average Product
MP: Marginal Product
TC: Total Cost
TVC: Total Variable Cost
TFC: Total Fixed Cost
MC: Marginal Cost
SAC: Short-Run Average Cost
SMC: Short-Run Marginal Cost
AFC: Average Fixed Cost
AVC: Average Variable Cost
LRAC: Long-Run Average Cost
LRMC: Long-Run Marginal Cost
RTS: Returns to Scale
IRS: Increasing Returns to Scale
CRS: Constant Returns to Scale
DRS: Diminishing Returns to Scale
TR: Total Revenue
AR: Average Revenue
MR: Marginal Revenue
MRPL: Marginal Revenue Product of Labour
VMPL: Value Marginal Product of Labour
✅ List of Abbreviations Used in Economics ✅️
📍Unit 1. Introduction
PPF: Production Possibility Frontier
PPS: Production Possibility Set
PPC: Production Possibility Curve
IC: Indifference Curve
📍Unit 2. Consumer’s Equilibrium and Demand
MRS: Marginal Rate of Substitution
MRT: Marginal Rate of Transformation
TU: Total Utility
MU: Marginal Utility
ED: Elasticity of Demand
ES: Elasticity of Supply
📍Unit 3. Producer Behaviour and Supply
TP: Total Product
AP: Average Product
MP: Marginal Product
TC: Total Cost
TVC: Total Variable Cost
TFC: Total Fixed Cost
MC: Marginal Cost
SAC: Short-Run Average Cost
SMC: Short-Run Marginal Cost
AFC: Average Fixed Cost
AVC: Average Variable Cost
LRAC: Long-Run Average Cost
LRMC: Long-Run Marginal Cost
RTS: Returns to Scale
IRS: Increasing Returns to Scale
CRS: Constant Returns to Scale
DRS: Diminishing Returns to Scale
TR: Total Revenue
AR: Average Revenue
MR: Marginal Revenue
MRPL: Marginal Revenue Product of Labour
VMPL: Value Marginal Product of Labour
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