EF.UprEko.Naloge.

docx: stran_36

instruktor.dejan@gmail.com
tel: 040 732 353

Naloga.33
From your knowledge of the relationships among the various production functions, complete the following table:
Variable Input X

Total product TPx (=Q)

Average Product-APx

AP =
0
1
2
3
4
5
6
7

0
0+8 =8
28
18 3 = 54
54 + 26 = 80
20 5 = 100
108
108 + (10) = 98

Marginal Product-MPx

MP =

0
8/1 = 8
28/2 = 14
18
80 4 = 20
20
108/6 = 18
98/7 = 14

0
8
28 8 = 20
54 28 = 26
26
100 80 = 20
108 100 = 8
-10

Naloga.34a
The amount of fish caught per week on trawler is a function of the crew size assigned to operate the boat. Based on the
past data, the following production function was developed:
Over what ranges of workers are there (i) increasing, (ii) constant, (iii) decreasing, and, (iv) negative returns?
Crew Size
(L)

Amount of Fish
(Q)

MP =

2
3
(3 0)/2 = 1,5
3
6
(6 3)/1 = 3
4
11
(11 6)/1 = 5
5
19
(19 11)/1 = 8
6
24
(24 19)/1 = 5
7
28
(28 24)/1 = 4
8
31
(31 28)/1 = 3
9
33
(33 31)/1 = 2
10
34
(34 33)/1 = 1
11
34
(34 34)/1 = 0
12
33
(33 34)/1 = 1
narii skico (zakon o padajoem mejnem donosu)

AP =

3/2 = 1,5
6/3 = 2
11/4 = 2,8
19/5 = 3,8
24/6 = 4
28/7 = 4
31/8 = 3,9
33/9 = 3,7
34/10 = 3,4
34/11 = 3,1
33/12 = 2,8

Naloga.34b
How large a crew should be used if the trawler owner is interested in maximizing the total amount of fish caught?

= = 0 = 11

Naloga.34c
How large a crew should be used if the trawler owner is interested in maximizing the average amount of fish caught
per man?
= 6 7

EF.UprEko.Naloge.docx: stran_37

instruktor.dejan@gmail.com
tel: 040 732 353

Naloga.35a
Consider the following short-run production function (where X = variable input, Q = output):
Q = 10X 0.5X2
Suppose that output can be sold for 10 USD per unit. Also assume that the firm can obtain as much of the variable
input (X) as it needs at 20 USD per unit.
Determine the marginal revenue product function.
Celotni prihodek

= = (10 0,5 2 ) 10 = 100 5 2

Mejni prihodek

(100 5 2 )
= 100 10

Naloga.35b
Determine the marginal factor cost function.
Celotni stroki

= = 20 = 20
Mejni stroki

(20)
= 20

Naloga.35c
Determine the optimal value of X, given the objective is to maximize profits.
Ravnoteje (maksimizacija dobika)

= 100 10 = 20 80 = 10 = 8

Naloga.36a
A firm uses two variable inputs, labor (L) and raw material (M), in producing its output. At current level of output:
CL = 10 USD/unit, CM = 2 USD/unit, MPL = 25, MPM = 4
Determine whether the firm is operating efficiently, given that its objective is to minimize the cost of production at
given level of output

25
10
=
= 6,25 ( ),
=
= 5 ( )

2
Podjetje ne proizvaja z najnijimi stroki ker ne velja

Naloga.36b
Determine what changes (if any) in the relative proportions of labor and raw materials need to be made to operate
efficiently.

>

Delo je bolj produktivno kot drago (glede na material) zato se splaa zaposlit ve dela (manj materiala).

EF.UprEko.Naloge.docx: stran_38

instruktor.dejan@gmail.com
tel: 040 732 353

Naloga.37a
Suppose that firms production is given by the following relationship

Q 2,5 LC where Q = output, L = labor input, C = capital input

Determine the percentage increase in output if labor input is increased by 10 percent (assuming that capital input is
held constant).
= 2,5
1 = 2,51 1 = 2,51,1 = 1,048 2,5 = 1,048 2,5 = 1,048
Output se povea za 4,8%

Naloga.37b
Determine the percentage increase in output if capital input is increased by 26 percent (assuming that labor input is
held constant).
= 2,5
1 = 2,51 1 = 2,5 = 1,048 2,5 1,26 = 1,1225 2,5 = 1,1225
Output se povea za 12,25%

Naloga.38a
Consider the following variable cost function (Q = output). VC = 200Q 9Q2 + 0.25Q3. Fixed costs are equal to $150.
Determine the total cost function.
Celotni stroki

= + = 200 9 2 + 0,253 + 150 = 200 9 2 + 0,25 3 + 150

Naloga.38b
Determine the (i) average fixed, (ii) average variable, (iii) average total, and (iv) marginal cost function.
150
=
=

200 9 2 + 0,25 3
=
= 200 9 + 0,25 2

200 9 2 + 0,25 3 + 150

150
=
= 200 9 + 0,25 2 +

(200 9 2 + 0,253 + 150)

=
= 200 18 + 0,752

Naloga.38c
Determine the level of Q where marginal cost function takes on its minimum value.

=0

(200 18 + 0,75 2 )
=0

18 + 1,5 = 0
1,5 = 18
1 = 12

EF.UprEko.Naloge.docx: stran_39

instruktor.dejan@gmail.com
tel: 040 732 353

Naloga.39a
KoKKaKola Company, a firm located in Algeria, produces a popular soft drink normally sold in single-serving cans.
Because of government price controls, it knows that the wholesale price it can charge for the drink is 80 dinars per can.
Its market studies show there is nothing to be gained by charging less. If KoKKaKolas total cost function per month in
dinars is TC = 8,000,000 + 20Q + 0.0001Q2.
Determine and explain how the MC function was calculated?
=

(8000000 + 20 + 0,0001 2 )
=
= 20 + 0,0002

Naloga.39b
How many cans of the drink it should sell to maximize profit?
=
80 = 20 + 0,0002
60 = 0,0002
= 300000

Naloga.39c
How much its total monthly profit will be?
= = 80 300000 = 24000000
= 8000000 + 20 300000 + 0,0001 3000002 = 23000000
= = 24000000 23000000 = 1000000

Naloga.39d
The relationship between marginal product and marginal costs.