Microeconomics,, 16th Canadian Edition

([email protected]) #1
c. On the same diagram, draw the marginal product (MP
curve. (Recall that MP is given by the change in total
output divided by the change in the variable input. The
value of MP is also equal to the slope of a tangent line to
the TP curve.)
d. Is the relationship between AP and MP discussed in the
text satisfied by each of the production functions?


  1. In 1921, a classic set of experiments with chemical fertilizers was
    performed at the Rothampsted Experimental Station, an
    agricultural research institute in Hertfordshire, England.
    Researchers applied different amounts of a particular fertilizer to
    10 apparently identical plots of land. The results for one test,
    using identical seed grain, are listed in the following table. Create
    a graph with the fertilizer dose on the horizontal axis and output

Free download pdf