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B. Tech. (Third Semester) Automobile Engg. HUM-201E: Basics of Economics and Management Sessional Theory Total Duration :50 marks :100 marks : 150 marks : 3 hours Unit-I Meaning of Industrial Economic, production function, its types, least cost combination, law of variable proportion, law of returns; increasing, constant & Diminishing. Fixed & variable costs in short run & long run, opportunity costs, relation between AC & […]