PRODUCTION FUNCTION Flashcards

1
Q

PRODUCTION FUNCTION

A

UGANYN NG DAMI NG OUTPUT AT INPUT
INILAHADDAMI NG OUTPUT SA DAMI NG INPUT

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2
Q

TOTAL PRODUCT

A

KABUONG BILANG NG MGA NATAPOS NA OUTPUT

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3
Q

MARGINA PRODYCT

A

KARAGDAGANG OUTPUT SA BAWAT KARAGDAGANG YUNIT NG INPUT

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4
Q

AVERAGE

A

DAMI NG OUTPUT SA BAWAT YUNT NG INPUT

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5
Q

FORMULA IN GETTING MARGINAP PRODUCT

A

MPL(LABOR) = CHANE IN TOTAL PRODUCT / PAGBABABGO IN INPPUT

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6
Q

AP AVERAGE PRODCUT FORMULA

A

TP TOTAL PRODCUT / IV INPUT VARIABLE

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