【正文】
nctions: ? Max output, from a n y set of inputs ? Q = f ( X1, X2, X3, X4, X5 ... ) ? FIXED IN SR VARIABLE IN S _ ? Q = f ( K, L) for two input case, where K as Fixed ? A Production Function is has only one variable input, labor, is easily analyzed. The one variable input is labor, L. ? 總產(chǎn)量 +MP+AP+彈性 。 ? 勞動的邊際產(chǎn)量 ? 勞動的平均產(chǎn)量 ? 生產(chǎn)彈性 ? 案例 53: Q+MP+AP+彈性 —— 深溪采礦公司。 ? 邊際報酬遞減規(guī)律。 ? 網(wǎng)絡(luò)效應(yīng)的報酬遞增 。 ? 信息服務(wù)。 LQMPL ???LQAPL ?LLL APMPE ? 30 85 Figure on Page 202 ? Three stages of production ? Stage 1: average product rising. ? Stage 2: average product declining (but marginal product positive). ? Stage 3: marginal product is negative, or total product is declining. L Total Output Stage 1 Stage 2 Stage 3 ? Q1 is breakeven (zero profit) ? maximum marginal profits occur at the inflection point (Q2) ? Max average profit at Q3 ? Max total profit at Q4 where marginal profit is zero ? So the best place to produce is where marginal profits = 0. profits max Q2 marginal profits Q Q average profits Q3 Q4 (Figure ) Q1 ? 確