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Production Analysis Sheet

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Arindam Bera
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27 views5 pages

Production Analysis Sheet

Uploaded by

Arindam Bera
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Output

elasticity
of labour
Average product of Marginal product of labour (MPL/APL
Labour (L) Capital (K) Total Output (q) labour (q/L) (change in q/change in L) )
0 10 0 0
1 10 10 10 10 1.00
2 10 30 15 20 1.33
3 10 60 20 30 1.50
4 10 80 20 20 1.00
5 10 95 19 15 0.79
6 10 108 18 13 0.72
7 10 112 16 4 0.25
8 10 112 14 0 0.00
9 10 108 12 -4 -0.33
10 10 100 10 -8 -0.80
TOTAL PRODUCT
120 108 112 112 108
100
100 95
80
TOTAL PRODUCT

80
60
60

40 30

20 10
0
0
0 2 4 6 8 10 12
LABOUR

AVERAGE AND MARGINAL PRODUCT


35
30
AVERAGE AND MARGINAL PRODUCT

30
25
20 20 20 19
20 18
15 15 16
13 14
15 12
10 10
10
4
5
0 0
0 -4
0 2 4 6 8 10 12
-5 -8
-10
LABOUR
Total Marginal
Land Labour product product
8 0 0
8 1 50 50
LAW OF DIMINISHING MARGINAL RETURN
8 2 110 60

TOTAL PRODUCT AND MARGINAL PRODUCT


8 3 180 70 600 550 560 560 5
520
8 4 260 80 500 470
8 5 340 80 410
400 340
8 6 410 70
8 7 470 60 300 260
8 8 520 50 180
200
8 9 550 30 110
60 70 80 80 70 60
100 50 50
8 10 560 10 30 10
0 0 -1
8 11 560 0 0
0 2 4 6 8 10 1
8 12 550 -10 -100
LABOUR
NG MARGINAL RETURN
550 560 560 550
520
470
410

70 60 50 30 10 0 -10
6 8 10 12 14

LABOUR
Quantity Price TR MR
0 80 0
1 76 76 76
2 72 144 68
3 68 204 60
4 64 256 52
5 60 300 44
6 56 336 36
7 52 364 28
8 48 384 20
9 44 396 12

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