Author: NIIR Board
Publisher: ASIA PACIFIC BUSINESS PRESS Inc.
ISBN: 8178330687
Category : Technology & Engineering
Languages : en
Pages : 470
Book Description
In modern age chemical industries have permeated most extensively in comparison with other industries and are progressing at a very rapid pace. Chemical Industry in India is one of the fastest growing industries under the Indian economy. The chemical industry comprises the companies that produce industrial chemicals. Central to the modern world economy, it converts raw materials into more than 70,000 different products. Chemicals have contributed in various sectors like food industry, fertilizers, perfumery, fragrance and flavour etc. Chemicals are used to make a wide variety of consumer goods, as well as thousands inputs to agriculture, manufacturing, construction, and service industries. There are numerous chemicals produced in chemical industry for example chloroform, caffeine, fertilizers , dyes, drug intermediates, herbicide, inorganic salts, copper sulphate, acetaldehyde etc. The chemical industry itself consumes 26 percent of its own output. The Chemical Industry in India is based on the idea of diversification. For example inorganic chemicals is the sector where the growth rate is near about 9% and the chemicals produced in this sector are mainly used in alkalis, fertilizers, etc. Depending on the product categories the chemical industry is divided in many other sectors like drugs and pharmaceuticals, fertilizers, fine chemicals like dyes and paints etc. The chemical industry in India which generates almost 13% of total national export is growing annually at a growth rate anywhere between 10% and 12%. This book majorly deals with the molecular formula, raw materials, properties, laboratory testing, manufacturing process explained with flow diagrams and uses of the chemicals. The major contents of the book are inorganic salts, inorganic chemicals, industrial gas, fertilizers, alum, caffeine, ceramic chemicals etc. This book covers the production of more than 100 chemicals for example acetanilide, methylamine, butylamine, linalol, phosphorous, salicylic acid etc. This book should be of great value to young chemical engineers and chemists who are just entering the field but those already practicing will find much of interest and use for broadening of their insight in to fields in which they are only marginally informed. It is hoped that this book will aid to young engineers, chemical, civil, mechanical and electrical as well as chemists, in understanding the value of chemical, the type of problems met in their production and method for solving these problems. TAGS Chemical Manufacturing, Chemical Industry, Chemical Processing, Chemical Process Industry, Chemical Production Process, Manufacturing Chemicals, Chemicals Manufacture, Manufacture of Chemicals, Chemical Processing Plants, Chemical Manufacturing Process, Process and Chemical Industries, Chemical Production, Manufacture and Uses of Chemicals, Chemical Plants, Products for Chemical Processing Industry, Chemicals Manufacturing Industries in India, Chemical Manufacturing Plants, Chemical Manufacturing & Processing, Chemical Plants & Equipment, Chemical Manufacture Business Plan, Small Scale Chemical Business Ideas & Opportunities, Startup Guide for Chemical Manufacturing Business, Profitable Chemical Business Ideas, Chemical Business Ideas, Production Chemical Business Plan, How to Start Chemical Trading Business, Chemical Business Ideas in India, How to Start Chemical Business, Investment Opportunities in Chemical Industry, Opportunities in Chemical Business, How to Start Chemical Trading Business in India, Chemical Business Opportunities, Startup Guide for Chemical Manufacturing Business, Small Chemical Business Ideas, Starting Chemical Business, How to Start Your Own Chemical Business, Chemical Manufacturing Business Ideas, Chemical Manufacturing Plants, Chemical Plant In India, 2-Chloro-6(Trichloromethyl)-Pyridine Manufacturing Process, Alkylamines Manufacturing Process, Process of Alum Plant, Alum Manufacturing Plant, Alum Production Plant, Bleaching Powder Production, Manufacturing of Bleaching Powder, Small-Scale Manufacture of Bleaching Powder, Process for Production of Bleaching Powder, How to Make Bleaching Powder, Bleaching Powder Manufacturing Plant, Ceramic Chemicals Manufacturing Process, Manufacture of Chloroform, Process for Making Chloroform, Chloroform Manufacturing Plant, Process for Manufacture of Chloramphenicol, Production of Chloramphenicol, Process for Manufacture of Coumarin, Manufacture of Coumarin, Construction Material Manufacturing Process, Material And Manufacturing Process Produces Corrosion Inhibitor, Corrosion Inhibition Chemicals Manufacture, Corrosion Inhibitors Industry, Drug Intermediates & Pharmaceuticals, Manufacturing Process of Drug Intermediates & Pharmaceuticals, Dry Cleaning Solvent, Manufacturing Process of Dyes and Intermediates, H-Acid Manufacturing Process, Manufacturing Process of Rhodamine B (Basic Dye), Manufacture of Faty Acids, Manufacturing Process of Herbicide, Industrial Halogens Manufacture, Manufacturing Process of Inorganic Chemicals, Inorganic Salts Manufacture, Metallic Stearates Manufacture, Manufacturing Process of Metal Treatment and Degreasing Chemicals, Trichloroethylene Manufacture, Manufacturing Process of Acetaldehyde, Ethylene Dichloride Manufacture, Glycerine Manufacture, Perfumery, Fragnance and Flavour, Manufacturing Process of Phenylacetic Acid, Plasticiser Manufacture, Manufacturing Process of Diamyl Phthalates, Manufacturing Process of Tricresyl Phosphate, Rubber & Rubber Chemicals Manufacturing, Manufacture of Sulfuric Acid, Manufacturing Process of Zinc Sulphate, NPCS, Niir, Process Technology Books, Business Consultancy, Business Consultant, Project Identification and Selection, Preparation of Project Profiles, Startup, Business Guidance, Business Guidance to Clients, Startup Project, Startup Ideas, Project for Startups, Startup Project Plan, Business Start-Up, Business Plan for Startup Business, Great Opportunity for Startup, Small Start-Up Business Project, Best Small and Cottage Scale Industries, Startup India, Stand Up India, Small Scale Industries, New Small Scale Ideas for Industrial Halogens Processing Industry, Chemical Manufacturing Business Ideas You Can Start on Your Own, Indian Glycerine Processing Industry, Small Scale Inorganic Chemicals Processing, Guide to Starting and Operating Small Business, Business Ideas for Alum Manufacturing, How to Start Chemical Manufacturing Business, Starting Rubber Chemicals Manufacturing, Start Your Own Chloroform Manufacturing Business, Corrosion Inhibition Chemicals Production Business Plan, Business Plan for Bleaching Powder Production, Small Scale Industries in India, Chemical Manufacturing Based Small Business Ideas in India, Small Scale Industry You Can Start on Your Own, Business Plan for Small Scale Industries, Set Up Chemical Processing, Profitable Small Scale Manufacturing, How to Start Small Business in India, Free Manufacturing Business Plans, Small and Medium Scale Manufacturing, Profitable Small Business Industries Ideas, Business Ideas for Startup
The Complete Technology Book on Chemical Industries
Author: NIIR Board
Publisher: ASIA PACIFIC BUSINESS PRESS Inc.
ISBN: 8178330687
Category : Technology & Engineering
Languages : en
Pages : 470
Book Description
In modern age chemical industries have permeated most extensively in comparison with other industries and are progressing at a very rapid pace. Chemical Industry in India is one of the fastest growing industries under the Indian economy. The chemical industry comprises the companies that produce industrial chemicals. Central to the modern world economy, it converts raw materials into more than 70,000 different products. Chemicals have contributed in various sectors like food industry, fertilizers, perfumery, fragrance and flavour etc. Chemicals are used to make a wide variety of consumer goods, as well as thousands inputs to agriculture, manufacturing, construction, and service industries. There are numerous chemicals produced in chemical industry for example chloroform, caffeine, fertilizers , dyes, drug intermediates, herbicide, inorganic salts, copper sulphate, acetaldehyde etc. The chemical industry itself consumes 26 percent of its own output. The Chemical Industry in India is based on the idea of diversification. For example inorganic chemicals is the sector where the growth rate is near about 9% and the chemicals produced in this sector are mainly used in alkalis, fertilizers, etc. Depending on the product categories the chemical industry is divided in many other sectors like drugs and pharmaceuticals, fertilizers, fine chemicals like dyes and paints etc. The chemical industry in India which generates almost 13% of total national export is growing annually at a growth rate anywhere between 10% and 12%. This book majorly deals with the molecular formula, raw materials, properties, laboratory testing, manufacturing process explained with flow diagrams and uses of the chemicals. The major contents of the book are inorganic salts, inorganic chemicals, industrial gas, fertilizers, alum, caffeine, ceramic chemicals etc. This book covers the production of more than 100 chemicals for example acetanilide, methylamine, butylamine, linalol, phosphorous, salicylic acid etc. This book should be of great value to young chemical engineers and chemists who are just entering the field but those already practicing will find much of interest and use for broadening of their insight in to fields in which they are only marginally informed. It is hoped that this book will aid to young engineers, chemical, civil, mechanical and electrical as well as chemists, in understanding the value of chemical, the type of problems met in their production and method for solving these problems. TAGS Chemical Manufacturing, Chemical Industry, Chemical Processing, Chemical Process Industry, Chemical Production Process, Manufacturing Chemicals, Chemicals Manufacture, Manufacture of Chemicals, Chemical Processing Plants, Chemical Manufacturing Process, Process and Chemical Industries, Chemical Production, Manufacture and Uses of Chemicals, Chemical Plants, Products for Chemical Processing Industry, Chemicals Manufacturing Industries in India, Chemical Manufacturing Plants, Chemical Manufacturing & Processing, Chemical Plants & Equipment, Chemical Manufacture Business Plan, Small Scale Chemical Business Ideas & Opportunities, Startup Guide for Chemical Manufacturing Business, Profitable Chemical Business Ideas, Chemical Business Ideas, Production Chemical Business Plan, How to Start Chemical Trading Business, Chemical Business Ideas in India, How to Start Chemical Business, Investment Opportunities in Chemical Industry, Opportunities in Chemical Business, How to Start Chemical Trading Business in India, Chemical Business Opportunities, Startup Guide for Chemical Manufacturing Business, Small Chemical Business Ideas, Starting Chemical Business, How to Start Your Own Chemical Business, Chemical Manufacturing Business Ideas, Chemical Manufacturing Plants, Chemical Plant In India, 2-Chloro-6(Trichloromethyl)-Pyridine Manufacturing Process, Alkylamines Manufacturing Process, Process of Alum Plant, Alum Manufacturing Plant, Alum Production Plant, Bleaching Powder Production, Manufacturing of Bleaching Powder, Small-Scale Manufacture of Bleaching Powder, Process for Production of Bleaching Powder, How to Make Bleaching Powder, Bleaching Powder Manufacturing Plant, Ceramic Chemicals Manufacturing Process, Manufacture of Chloroform, Process for Making Chloroform, Chloroform Manufacturing Plant, Process for Manufacture of Chloramphenicol, Production of Chloramphenicol, Process for Manufacture of Coumarin, Manufacture of Coumarin, Construction Material Manufacturing Process, Material And Manufacturing Process Produces Corrosion Inhibitor, Corrosion Inhibition Chemicals Manufacture, Corrosion Inhibitors Industry, Drug Intermediates & Pharmaceuticals, Manufacturing Process of Drug Intermediates & Pharmaceuticals, Dry Cleaning Solvent, Manufacturing Process of Dyes and Intermediates, H-Acid Manufacturing Process, Manufacturing Process of Rhodamine B (Basic Dye), Manufacture of Faty Acids, Manufacturing Process of Herbicide, Industrial Halogens Manufacture, Manufacturing Process of Inorganic Chemicals, Inorganic Salts Manufacture, Metallic Stearates Manufacture, Manufacturing Process of Metal Treatment and Degreasing Chemicals, Trichloroethylene Manufacture, Manufacturing Process of Acetaldehyde, Ethylene Dichloride Manufacture, Glycerine Manufacture, Perfumery, Fragnance and Flavour, Manufacturing Process of Phenylacetic Acid, Plasticiser Manufacture, Manufacturing Process of Diamyl Phthalates, Manufacturing Process of Tricresyl Phosphate, Rubber & Rubber Chemicals Manufacturing, Manufacture of Sulfuric Acid, Manufacturing Process of Zinc Sulphate, NPCS, Niir, Process Technology Books, Business Consultancy, Business Consultant, Project Identification and Selection, Preparation of Project Profiles, Startup, Business Guidance, Business Guidance to Clients, Startup Project, Startup Ideas, Project for Startups, Startup Project Plan, Business Start-Up, Business Plan for Startup Business, Great Opportunity for Startup, Small Start-Up Business Project, Best Small and Cottage Scale Industries, Startup India, Stand Up India, Small Scale Industries, New Small Scale Ideas for Industrial Halogens Processing Industry, Chemical Manufacturing Business Ideas You Can Start on Your Own, Indian Glycerine Processing Industry, Small Scale Inorganic Chemicals Processing, Guide to Starting and Operating Small Business, Business Ideas for Alum Manufacturing, How to Start Chemical Manufacturing Business, Starting Rubber Chemicals Manufacturing, Start Your Own Chloroform Manufacturing Business, Corrosion Inhibition Chemicals Production Business Plan, Business Plan for Bleaching Powder Production, Small Scale Industries in India, Chemical Manufacturing Based Small Business Ideas in India, Small Scale Industry You Can Start on Your Own, Business Plan for Small Scale Industries, Set Up Chemical Processing, Profitable Small Scale Manufacturing, How to Start Small Business in India, Free Manufacturing Business Plans, Small and Medium Scale Manufacturing, Profitable Small Business Industries Ideas, Business Ideas for Startup
Publisher: ASIA PACIFIC BUSINESS PRESS Inc.
ISBN: 8178330687
Category : Technology & Engineering
Languages : en
Pages : 470
Book Description
In modern age chemical industries have permeated most extensively in comparison with other industries and are progressing at a very rapid pace. Chemical Industry in India is one of the fastest growing industries under the Indian economy. The chemical industry comprises the companies that produce industrial chemicals. Central to the modern world economy, it converts raw materials into more than 70,000 different products. Chemicals have contributed in various sectors like food industry, fertilizers, perfumery, fragrance and flavour etc. Chemicals are used to make a wide variety of consumer goods, as well as thousands inputs to agriculture, manufacturing, construction, and service industries. There are numerous chemicals produced in chemical industry for example chloroform, caffeine, fertilizers , dyes, drug intermediates, herbicide, inorganic salts, copper sulphate, acetaldehyde etc. The chemical industry itself consumes 26 percent of its own output. The Chemical Industry in India is based on the idea of diversification. For example inorganic chemicals is the sector where the growth rate is near about 9% and the chemicals produced in this sector are mainly used in alkalis, fertilizers, etc. Depending on the product categories the chemical industry is divided in many other sectors like drugs and pharmaceuticals, fertilizers, fine chemicals like dyes and paints etc. The chemical industry in India which generates almost 13% of total national export is growing annually at a growth rate anywhere between 10% and 12%. This book majorly deals with the molecular formula, raw materials, properties, laboratory testing, manufacturing process explained with flow diagrams and uses of the chemicals. The major contents of the book are inorganic salts, inorganic chemicals, industrial gas, fertilizers, alum, caffeine, ceramic chemicals etc. This book covers the production of more than 100 chemicals for example acetanilide, methylamine, butylamine, linalol, phosphorous, salicylic acid etc. This book should be of great value to young chemical engineers and chemists who are just entering the field but those already practicing will find much of interest and use for broadening of their insight in to fields in which they are only marginally informed. It is hoped that this book will aid to young engineers, chemical, civil, mechanical and electrical as well as chemists, in understanding the value of chemical, the type of problems met in their production and method for solving these problems. TAGS Chemical Manufacturing, Chemical Industry, Chemical Processing, Chemical Process Industry, Chemical Production Process, Manufacturing Chemicals, Chemicals Manufacture, Manufacture of Chemicals, Chemical Processing Plants, Chemical Manufacturing Process, Process and Chemical Industries, Chemical Production, Manufacture and Uses of Chemicals, Chemical Plants, Products for Chemical Processing Industry, Chemicals Manufacturing Industries in India, Chemical Manufacturing Plants, Chemical Manufacturing & Processing, Chemical Plants & Equipment, Chemical Manufacture Business Plan, Small Scale Chemical Business Ideas & Opportunities, Startup Guide for Chemical Manufacturing Business, Profitable Chemical Business Ideas, Chemical Business Ideas, Production Chemical Business Plan, How to Start Chemical Trading Business, Chemical Business Ideas in India, How to Start Chemical Business, Investment Opportunities in Chemical Industry, Opportunities in Chemical Business, How to Start Chemical Trading Business in India, Chemical Business Opportunities, Startup Guide for Chemical Manufacturing Business, Small Chemical Business Ideas, Starting Chemical Business, How to Start Your Own Chemical Business, Chemical Manufacturing Business Ideas, Chemical Manufacturing Plants, Chemical Plant In India, 2-Chloro-6(Trichloromethyl)-Pyridine Manufacturing Process, Alkylamines Manufacturing Process, Process of Alum Plant, Alum Manufacturing Plant, Alum Production Plant, Bleaching Powder Production, Manufacturing of Bleaching Powder, Small-Scale Manufacture of Bleaching Powder, Process for Production of Bleaching Powder, How to Make Bleaching Powder, Bleaching Powder Manufacturing Plant, Ceramic Chemicals Manufacturing Process, Manufacture of Chloroform, Process for Making Chloroform, Chloroform Manufacturing Plant, Process for Manufacture of Chloramphenicol, Production of Chloramphenicol, Process for Manufacture of Coumarin, Manufacture of Coumarin, Construction Material Manufacturing Process, Material And Manufacturing Process Produces Corrosion Inhibitor, Corrosion Inhibition Chemicals Manufacture, Corrosion Inhibitors Industry, Drug Intermediates & Pharmaceuticals, Manufacturing Process of Drug Intermediates & Pharmaceuticals, Dry Cleaning Solvent, Manufacturing Process of Dyes and Intermediates, H-Acid Manufacturing Process, Manufacturing Process of Rhodamine B (Basic Dye), Manufacture of Faty Acids, Manufacturing Process of Herbicide, Industrial Halogens Manufacture, Manufacturing Process of Inorganic Chemicals, Inorganic Salts Manufacture, Metallic Stearates Manufacture, Manufacturing Process of Metal Treatment and Degreasing Chemicals, Trichloroethylene Manufacture, Manufacturing Process of Acetaldehyde, Ethylene Dichloride Manufacture, Glycerine Manufacture, Perfumery, Fragnance and Flavour, Manufacturing Process of Phenylacetic Acid, Plasticiser Manufacture, Manufacturing Process of Diamyl Phthalates, Manufacturing Process of Tricresyl Phosphate, Rubber & Rubber Chemicals Manufacturing, Manufacture of Sulfuric Acid, Manufacturing Process of Zinc Sulphate, NPCS, Niir, Process Technology Books, Business Consultancy, Business Consultant, Project Identification and Selection, Preparation of Project Profiles, Startup, Business Guidance, Business Guidance to Clients, Startup Project, Startup Ideas, Project for Startups, Startup Project Plan, Business Start-Up, Business Plan for Startup Business, Great Opportunity for Startup, Small Start-Up Business Project, Best Small and Cottage Scale Industries, Startup India, Stand Up India, Small Scale Industries, New Small Scale Ideas for Industrial Halogens Processing Industry, Chemical Manufacturing Business Ideas You Can Start on Your Own, Indian Glycerine Processing Industry, Small Scale Inorganic Chemicals Processing, Guide to Starting and Operating Small Business, Business Ideas for Alum Manufacturing, How to Start Chemical Manufacturing Business, Starting Rubber Chemicals Manufacturing, Start Your Own Chloroform Manufacturing Business, Corrosion Inhibition Chemicals Production Business Plan, Business Plan for Bleaching Powder Production, Small Scale Industries in India, Chemical Manufacturing Based Small Business Ideas in India, Small Scale Industry You Can Start on Your Own, Business Plan for Small Scale Industries, Set Up Chemical Processing, Profitable Small Scale Manufacturing, How to Start Small Business in India, Free Manufacturing Business Plans, Small and Medium Scale Manufacturing, Profitable Small Business Industries Ideas, Business Ideas for Startup
Financial Structure Analysis of Basic Chemical and Chemical Product Companies in India
Author: Dr. (CA) Pradeep D. Kamthekar
Publisher: Lulu.com
ISBN: 1387752081
Category : Education
Languages : en
Pages : 152
Book Description
Land, Labour Capital (i.e. Finance) and Organisation are the four basic constituents of business. Finance more particularly plays a pivotal role in every business firm. Finance here means the money required to start, carry out and continue the business. It is represented by the assets composition of the business. It is said to be the lifeline of the business.
Publisher: Lulu.com
ISBN: 1387752081
Category : Education
Languages : en
Pages : 152
Book Description
Land, Labour Capital (i.e. Finance) and Organisation are the four basic constituents of business. Finance more particularly plays a pivotal role in every business firm. Finance here means the money required to start, carry out and continue the business. It is represented by the assets composition of the business. It is said to be the lifeline of the business.
Chemical and Rubber Industry Report
Author: Business and Defense Services Administration
Publisher:
ISBN:
Category :
Languages : en
Pages : 758
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 758
Book Description
Chemical and Rubber Industry Report
Author:
Publisher:
ISBN:
Category : Chemical industry
Languages : en
Pages : 784
Book Description
Publisher:
ISBN:
Category : Chemical industry
Languages : en
Pages : 784
Book Description
Marketing Strategies of Chemical Industry in India
Author: Dr.Neeraj K Dubey
Publisher: Archers & Elevators Publishing House
ISBN: 9383241403
Category : Antiques & Collectibles
Languages : en
Pages :
Book Description
Publisher: Archers & Elevators Publishing House
ISBN: 9383241403
Category : Antiques & Collectibles
Languages : en
Pages :
Book Description
Journal of the Society of Chemical Industry
Author: Society of Chemical Industry (Great Britain)
Publisher:
ISBN:
Category : Chemistry, Technical
Languages : en
Pages : 1918
Book Description
Publisher:
ISBN:
Category : Chemistry, Technical
Languages : en
Pages : 1918
Book Description
Journal of the Society of Chemical Industry
Author:
Publisher:
ISBN:
Category : Chemical industry
Languages : en
Pages : 866
Book Description
Publisher:
ISBN:
Category : Chemical industry
Languages : en
Pages : 866
Book Description
Journal of the Indian Chemical Society
Author: Indian Chemical Society
Publisher:
ISBN:
Category : Chemistry
Languages : en
Pages : 684
Book Description
Publisher:
ISBN:
Category : Chemistry
Languages : en
Pages : 684
Book Description
Advances in Chemical Engineering
Author:
Publisher: Academic Press
ISBN: 0080565581
Category : Science
Languages : en
Pages : 469
Book Description
Advances in Chemical Engineering
Publisher: Academic Press
ISBN: 0080565581
Category : Science
Languages : en
Pages : 469
Book Description
Advances in Chemical Engineering
An Evaluation study on Production, Productivity and Industrial Relations in Lanco Industry at Srikalahasti of Chittoor District
Author: Dr. S. Khootizal kubara
Publisher: Ashok Yakkaldevi
ISBN: 1716262992
Category : Art
Languages : en
Pages : 199
Book Description
1.1 Production: Cost of production is the deciding factor for supply which depends upon prices of raw materials and its physical relation between input and output. It is the physical relation between input and output which determines the cost of production. Production represents functional relationship between quantities of inputs and amount of output produced. Production is an economic activity. Production is used for an activity of making some material. In economics, production is used in a wider sense. 1.2 Importance of Production: Price theory plays an important role in the theory of production. This provides a base for analysis of relationship between costs and amounts of output. Cost along with demand and supply of a product determine the price of a product. Cost of production is determined by the prices of inputs of production and thereby the price of product. Secondly, the basis of theory of firm demand for factors of production is theory of production. The theory of production plays a pivotal role in theory of firm. The theory of firm deals with the level of output whichwill produce in turn the maximum profits. The firm’s marginal and average costs of production decide the profits maximizing output besides the demand conditions. In addition to the prices of inputs, the changes in marginal and average costs of production as a result of increase in output are determined by the physical relationship between inputs and output.
Publisher: Ashok Yakkaldevi
ISBN: 1716262992
Category : Art
Languages : en
Pages : 199
Book Description
1.1 Production: Cost of production is the deciding factor for supply which depends upon prices of raw materials and its physical relation between input and output. It is the physical relation between input and output which determines the cost of production. Production represents functional relationship between quantities of inputs and amount of output produced. Production is an economic activity. Production is used for an activity of making some material. In economics, production is used in a wider sense. 1.2 Importance of Production: Price theory plays an important role in the theory of production. This provides a base for analysis of relationship between costs and amounts of output. Cost along with demand and supply of a product determine the price of a product. Cost of production is determined by the prices of inputs of production and thereby the price of product. Secondly, the basis of theory of firm demand for factors of production is theory of production. The theory of production plays a pivotal role in theory of firm. The theory of firm deals with the level of output whichwill produce in turn the maximum profits. The firm’s marginal and average costs of production decide the profits maximizing output besides the demand conditions. In addition to the prices of inputs, the changes in marginal and average costs of production as a result of increase in output are determined by the physical relationship between inputs and output.