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Production Function

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Production Function

  1. 1. PRODUCTION FUNCTION
  2. 2. Production Function -is the relationship between Output and Input
  3. 3. Average Product Total Product Marginal Product
  4. 4. Total Product Average Product Amount of output obtained from given amount input. Additional output obtained by one more unit of input.
  5. 5. Marginal Product Amount of output obtained per unit of input.
  6. 6. 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

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