際際滷

際際滷Share a Scribd company logo
PRODUCTION FUNCTION
Production Function
-is the relationship between Output and Input
Average
Product

Total
Product

Marginal
Product
Total
Product

Average
Product

Amount of output
obtained from given
amount input.

Additional output
obtained by one more unit
of input.
Marginal
Product

Amount of output
obtained per unit of input.
Production Function
Units of Labor
Inputs

Total Product

Average Product Marginal Product

1

89

89

2

93

46.5

4

3

95

31.67

2

4

96.67

24.17

1.67
Production Function

More Related Content

Production Function