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  • Production Functions

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    Dhanushka Rajapaksha
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    This document contains production functions and output data for two firms. The production functions for total product (TP), marginal product (MP), and average product (AP) are given for both firms, along with tables of output values for TP, MP, and AP at different levels of labor input (L). Charts are also included that plot the output values for TP, MP, and AP against L.

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    econ

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    Copy of Production Functions

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    This document contains production functions and output data for two firms. The production functions for total product (TP), marginal product (MP), and average product (AP) are given for both firms, along with tables of output values for TP, MP, and AP at different levels of labor input (L). Charts are also included that plot the output values for TP, MP, and AP against L.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views1 page

    Production Functions

    Uploaded by

    Dhanushka Rajapaksha
    This document contains production functions and output data for two firms. The production functions for total product (TP), marginal product (MP), and average product (AP) are given for both firms, along with tables of output values for TP, MP, and AP at different levels of labor input (L). Charts are also included that plot the output values for TP, MP, and AP against L.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    PRODUCTION FUNCTIONS

    TP = -0.3L 3 + 11L2 + 100L


    2
    MP = - 0.9L + 22 L + 100

    TP1 = -0.2L 3 + 11L2 + 100L TP2 = -0.15L 3 + 11L2 + 100L

    AP = -0.3 L2 + 11L +100


    L

    TP
    0
    5
    10
    15
    20
    25
    30
    35
    40
    45
    50
    55
    60

    TP1

    0
    738
    1800
    2963
    4000
    4688
    4800
    4113

    0
    750
    1900
    3300
    4800
    6250
    7500
    8400
    8800
    8550

    TP2

    MP

    MP1

    0
    756
    1950
    3469
    5200
    7031
    8850
    10544
    12000
    13106
    13750
    13819
    13200

    100
    187.5
    230
    227.5
    180
    87.5

    100
    195
    260
    295
    300
    275
    220

    MP2

    AP

    100
    198.75
    275
    328.75
    360
    368.75
    355

    100
    147.5
    180
    197.5
    200
    187.5
    160
    117.5
    60

    300
    250
    200
    150
    100
    50
    0
    0

    10

    15

    20

    25

    MP

    30

    35

    40

    AP

    16000
    14000
    12000
    10000
    8000
    6000
    4000
    2000
    0
    1

    9
    TP

    11
    TP1

    13

    15
    TP2

    17

    19

    AP1
    100
    150
    190
    220
    240
    250
    250
    240
    220

    AP2
    100
    151.25
    195
    231.25
    260
    281.25
    295
    301.25
    300

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