yaohle

f,t
f,
ff3
phystalfIt43..fo).
functieu. pnducten prapoton
Function calbd
funcio.s
Function
Production
betuau good;
good.
t,
Puoducteu se also
Function fired
lactoe
factoE
scale
to
is funitor the Cerstart
tation oa
a Producton
gne It Producton
all retius
Name
chaptor otput
o
Q stput
Production
a
0He.
appled
Peuoductien
fundien
thts puoducten function uodtian.
prodili
type
callad
typer others S0,
law
e
as input.
functionnal
expresad is
phystalphysical
alio
tuuo Short-Run all
facttype produdien
Long-Run
Producion coal" of
functa and
the physf
is
prapautien vasable
a4eTt
ato
audbe
sheus
It Q Iypes vaeiable
thís ppled.
Can whe uetun
input -{n In
t 1 Inis &
yaLuabl
indut.
ngomMauginal o
facttveuege Total
Moxginal
roduct Product
Average puuigivenot dluctPro
Jeod Total
MP
= lalbsuu)
emplsyd p.lo
Puoduct i AP
=
puoduct hihcluct
giuen.
ATP is
empleyiag unit n. relou
s vaiabla
unit ef
MEa or TP pLuoducad
changethe f he
Vauiabe to
pen
eHe latal
input unit y
adaliienal'
peoduct
otalin
at fuaiable
eutcutput
put
wnit
of
3
4 3 I
Relatien incuasi Rela tisnA
When
p=nhen
AP tatalhhen Maginal
When peative,
tolalWhen
ati. Product
AP eng
MP> product
masginal MP=D. Maitotalnal at as
between
AP, Bebueen
TPis manginal
stat
Puoduct Sncneaaing
pcduct
fal
stla
inut
g nati
P AP pruduct
rises MP
mocmum paodud Total
ant
umand aling
and becomes ries
AP ises and
negolive at
imionshug ,total
ten venansbt
Marginal
pro
dudt
Returns to a fetor
In a shout puiod wstn adtelitenal unit
Vauíablelacts a with fired fast,
hen sutuhs to factoy oguates"Returiu to
thange total
uhen endy the ne nput
 Asumpliem aling CHease
ctasts TP in
TP
then, Yhe ü
othee
each technslogy
Yheae Jhe e
aa
he, eiciunt Ae Law invuased,
vaiabla law
Irtially
unh is
the stats
in shat y
of
pocuclian of at. ushile
lauw te TP
actor that
vaüable odeueasing
Vani
rateand
abl e
producien Lau incaseA (|
athun
opealien.
ae peuind s s as
va° used
af moe input
oblu nenett actox at
aith
peuyet yauiable
peufet cemitant remans Proportion and
en aHe un(aasng kpt
moTp"wntt a
fubcttu prrpolien fautr
ied unstad.
finaly "rate cenetart
is
sf i
 Manginal Baduct
t Incueasjng
Retwn 32
Stagel
4S 23

ef L
L 4
k
he CunyeTP
5
stge
6 CimNgalie
inishing 6

7
S
8
8MP9 CUewe
’MP
Sthgel 4
r TP
 cty aboyeyhe

aud

y-
cagan
ou

includes
nelauy
aable
both
li)
how too
panels
P
pan
ie
llü)
li)
 phase sheen,
vauiable
the
Ct
inChease!
as tK phase
of :phases
law Known
ses. this
the three lso
Dbgyam, o
palso
CUee
into
js m
Yhe
Reas
enA
classfiephaseand
above
Yhis rate
polnt
to ve
Arcoudng
I inouaing
PHASE us
K
Till-MP
 5) (8) ()
BetterU)Cuue eluateand PtAsE
s newnhe Jhis Fl
iand) is dininishing,
BefHeDivisien he
s dinssen
labeueBeterAutu'aAoadiienl Dutlizaßen
înftes
f JhG
fieactons
T
point IL factor vaiable
acbr.
the phase
utlisaton
heuaeme co-oclnahien
falls
onMP
ully hs pofit and use opacates
hee
TP- netuxns latot
en stset get
phase hence of
ilzed
n ceVe but se
o tombinatin
isoptinun blw vausble
that y fed
nuthing thisNemalns helgs
ltecause
and also the
phase Ha}es foctor
tilzed factus,
fa ffacor
the
l knoLtn
pesttive. cfor gting
athn S the
poiot andundeu
Qs
a teadk
red I& acreatg
go the ih
labour to etilsed
os MP phase
shoon fullo
 LackR)
)
QveeMPbeComes PHASE
eplmum beceme Yhe naqatveretwni
Ce. poipt en
TP Continuealyhe
ethbinatien. Yhe auciablh
yactr W: nce,
netusnu actor
Centinueu
capacity Dyey utill he Jhis
become zatirn eas phase eadssed esect
his uilized e Limit
incuease gatie wtue puoductinmorioe n
2ult
AeAlt eb tu i to slttesSub
eeossesunttho hi
negative ploce and to
also
and V tic TPclininfhing the
yauable
in fn in udue ed
they
á stastknoon an
efmore extent
poðpDy when hae
heQut
acklEten be
fellng as labAr subs
co-D2ebnaten fied the eteAs
wse) al
titted ,
fdeas aa
iefactoxt andphase
beyen
lang(annot hich
nd P for
be