Relationship between the total and average production curves and the marginal yield curve 15

<>1) Total output refers to the total output produced by a certain factor of production. Average production refers to the average per unit.

The output produced by the factors of production. Marginal output refers to the increase in output by one unit of increase in a certain factor of production.

2) The relationship between aggregate output, average yield and marginal yield has the following characteristics:

First, with the constant amount of capital, as the amount of labor increases, the initial aggregate, average and marginal output.

They are all incremental, but they decrease after each increases to a certain extent. Therefore, the aggregate production curve, the average production curve, and the marginal production curve all rise first and then fall. This reflects the law of diminishing marginal returns.

Second, the marginal yield curve intersects the average yield curve at the highest point of the average yield curve. Before intersecting, the average yield.

The volume is incremental, and the marginal yield is greater than the average yield (MP>AP); After intersection, the average yield is decreasing, marginal yield.

Less than the average yield (MP Thirdly, when the marginal yield is zero, the total yield reaches its maximum, and later, when the marginal yield is negative, the total yield will.

Absolute reduction.

Marginal yield: Marginal yield is the amount of change in total yield caused by small changes in variable inputs. If the previous assumption remains unchanged, i.e., there is only one independent variable x, then the general form of marginal yield is: m-dq dx Here it is assumed that the aggregate yield curve is continuously derivable.

Obviously, the marginal yield at any point on the aggregate yield curve is the slope of the tangent at this point. Marginal production increases at the beginning, reaches a maximum, and then decreases. Marginal yields can drop to zero or even negative.

See Figure 31-6 for the marginal yield curve. In the figure, the marginal yield curve is also a concave horizontal curve. The slope of point d on the m corpse curve is zero, indicating that the marginal yield reaches the maximum.

The intersection of the m-corpse curve and the horizontal axis f indicates that the marginal yield is zero. After the f point, the curve turns below the horizontal axis, indicating that the marginal yield is negative. As can be seen from the T corpse curve, A corpse curve and M corpse curve shown above:

There is an important relationship between the aggregate production curve, the average yield curve and the marginal yield curve, when the aggregate yield curve rises at an increasing rate. Both the marginal yield curve and the average yield curve are rising; When the aggregate yield curve begins to rise at a decreasing rate, the marginal yield curve reaches its highest point and then declines, and the average yield curve continues to rise. The average yield curve reaches its highest point when the aggregate yield curve continues to rise at a decreasing rate and the marginal yield curve intersects with the average yield curve, at which point the average yield is equal to the marginal yield; When the aggregate yield curve reaches its highest point. The marginal yield curve intersects with the horizontal axis, i.e., the marginal yield is zero, and the average yield curve continues to decline; When the total production curve decreases.

The marginal yield curve shifts below the horizontal axis, i.e., the marginal yield is negative and the average yield curve continues to decline.

The school questions are brought here and asked people to do it for you, and the points given are not much, and I guess no one wants you.

Total production andMarginal yieldRelationship:

Gross output refers to the corresponding factors of production that are being inputted.

, the sum of the actual yields obtained; Whereas, marginal output refers to the increase in output after adding one unit of factor of production.

1. When the marginal output is greater than zero and gradually increases, it means that the total output can be increased by increasing the factors of production.

2. When the marginal output reaches the maximum, it means that the increase in the total output is the largest after increasing the factors of production at this time.

3. When the marginal output begins to decline, it means that the total output can still be increased by increasing the factors of production at this time, but the increase rate decreases.

4. When the marginal output is zero, it means that the total output has reached the maximum value at this time.

5. When the marginal output is less than zero, it means that after increasing the factors of production at this time, the total output will not only not increase but also decrease.

Relationship between total and average production:

Average output is the sum of the output obtained divided by the factors of production input. Relationship between total and average yield: The slope of the line between the point and the origin on the aggregate yield curve is the average yield.

The relationship between marginal yield and average yield: The curve between marginal yield and average yield rises first and then falls, and the intersection point of the two is when the average yield is at its maximum, and then the average yield gradually decreases.

In the figure, TP is the total output; ap is the average yield; MP is the marginal yield.

1) Total and average yield.

Geometrically, the average yield is actually the slope of each point on the total yield curve that connects to the origin. Therefore, the trouble is when APL is in C'When the point reaches the maximum, there must be a steepest tangent on the TPL, tangent to the TPL at point C.

2) Gross vs. marginal yield.

According to the definition of marginal yield, it can be seen that the marginal yield of liquid Hu is equal to the slope of the tangent line of the total yield at each point. Before point b, the marginal output increases, and the total output increases at an increasing rate. The marginal yield is maximized at point b; From point b to d, the marginal yield decreases, and the total output increases at a decreasing rate, reaching a maximum at point d.

Marginal production drops to zero at this point; After point D, the marginal yield is negative and the total output begins to decline.

3) Average yield vs. marginal yield.

The average yield intersects with the marginal yield at c'Dot. c'In the past, the marginal output was greater than the average output of flat rent, and the marginal output would pull up the average output; c'After that, the marginal yield is less than the average yield, and the marginal yield pulls the average yield downward. The change in marginal yield is always faster than the change in average yield.

Characteristics and their interrelationships between the total labor output curve, the average output curve and the marginal output curve of the short-term production function q=f(l).

Turn left|Turn right.

TP, MP, AP represent the total yield curve, the marginal yield curve and the average yield curve, respectively.

First, the relationship between marginal output and aggregate output. The slope of any point on the TP curve is the corresponding MP value. It can be seen that the marginal output of the sedan car is positive, and the total output always increases; As long as the marginal yield is negative, the total yield always decreases; When the marginal yield is zero, the total yield reaches its maximum.

Second, the relationship between average production and total production. The slope of the line segment connecting any point on the TP curve to the coordinate origin is the AP value of the corresponding god group. The maximum value of the AP curve corresponds to the steepest tangent on the TP curve from the origin.

Third, the relationship between marginal yield and average yield. The two curves are compared to point C, the highest point of the AP curve. Before point C, the MP curve is higher than the AP curve, and after point C, the MP curve is lower than the AP curve.

The change of the MP curve, whether it is up or down, is faster than the change of the AP curve.