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A. SHORT-RUN CHANGES IN PRODUCTION SHOWING FACTOR PRODUCTIVITY Units of Y Employed Output Quantity (Q) 8 37 60 96 107 127 128 7 42 64 90 101 119 120 6 37 52 97 104 5 31 47 89 4 24 39 79 3 17 29 69 2 (7) (17) I 8 20 21 2 3 4 5 7 8 Units of X Employed This table shows a short-run production function. Here we see what happens to output when increasing amounts of input X are added to a fixed amount of input Y (Y=2). 83 78 64 58 52 41 29 14 248242 73 67 60 52 40 214887 75 67 58 117 110 90 82 73 64 (52 24 95 85 73 (52 17

A. SHORT-RUN CHANGES IN PRODUCTION SHOWING FACTOR PRODUCTIVITY Units of Y Employed Output Quantity (Q) 8 37 60 96 107 127 128 7 42 64 90 101 119 120 6 37 52 97 104 5 31 47 89 4 24 39 79 3 17 29 69 2 (7) (17) I 8 20 21 2 3 4 5 7 8 Units of X Employed This table shows a short-run production function. Here we see what happens to output when increasing amounts of input X are added to a fixed amount of input Y (Y=2). 83 78 64 58 52 41 29 14 248242 73 67 60 52 40 214887 75 67 58 117 110 90 82 73 64 (52 24 95 85 73 (52 17

Microeconomics A Contemporary Intro
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 21PAE
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1. WHAT DO YOU OBSERVE IN TABLE A? A. SHORT-RUN CHANGES IN PRODUCTION SHOWING FACTOR PRODUCTIVITY Units of Y Employed Output Quantity (Q) 8 37 60 117 127 7 42 64 110 119 6 37 52 90 97 5 31 47 82 89 4 24 39 73 79 3 17 29 64 69 2 (7) (17) (52) 54 52 1 4 8 20 27 24 21 17 I 2 3 4 5 6 7 8 Units of X Employed This table shows a short-run production function. Here we see what happens to output when increasing amounts of input X are added to a fixed amount of input Y (Y=2). BRAKRISH 1214842 83 78 64 58 52 41 14 96 90 73 67 60 52 40 DO&RGRON 107 101 82 75 67 58 48 22443361 95 85 73
Transcribed Image Text:1. WHAT DO YOU OBSERVE IN TABLE A? A. SHORT-RUN CHANGES IN PRODUCTION SHOWING FACTOR PRODUCTIVITY Units of Y Employed Output Quantity (Q) 8 37 60 117 127 7 42 64 110 119 6 37 52 90 97 5 31 47 82 89 4 24 39 73 79 3 17 29 64 69 2 (7) (17) (52) 54 52 1 4 8 20 27 24 21 17 I 2 3 4 5 6 7 8 Units of X Employed This table shows a short-run production function. Here we see what happens to output when increasing amounts of input X are added to a fixed amount of input Y (Y=2). BRAKRISH 1214842 83 78 64 58 52 41 14 96 90 73 67 60 52 40 DO&RGRON 107 101 82 75 67 58 48 22443361 95 85 73
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