Production Analysis

# Production Analysis - C=xPx Profit 38.25 76.5 76.5 1 13.63...

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Chapter 5: Production Analysis There are three stages in the production process, stage I, stage II and stage III. It is ec to produce only on stage II. It is called the rational stage because it is only in this stage profit can be maximized.  I will create a cubic production function, and identify the three stages in the production  Assume that the production of papaya depends on the amount of fertilize you apply. Ex show the production at different levels of fertilizer applicaion as follows Fert in Production bags in lbs      AP=Y/X MP=dY/dX        X        Y R=Y.Py

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Unformatted text preview: C=xPx Profit 38.25 76.5 76.5 1 13.63 13.63-24.62 27.26 20 7.26 2 71.69 35.85 58.06 143.38 40 103.38 3 191.31 63.77 119.62 382.62 60 322.62 4 351.37 87.84 160.06 702.74 80 622.74 5 530.75 106.15 179.38 1061.5 100 961.5 6 708.33 118.06 177.58 1416.66 120 1296.66 7 862.99 123.28 154.66 1725.98 140 1585.98 8 973.61 121.7 110.62 1947.22 160 1787.22 8.95 1018.67 113.82 2037.34 179 1858.34 max profit 9 1019.07 113.23 45.46 2038.14 180 1858.14 10 978.25 97.83-40.82 1956.5 200 1756.5 2 4 6 8 10 12 200 400 600 800 1000 1200 Column C 200 1 2 3 4 5 6 7 8 9 10 11-100-50 50 100 150 Column D Column E conomic e that function. xperiments...
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## This note was uploaded on 04/15/2010 for the course ECON 3020 taught by Professor Lucas during the Spring '10 term at Hawaii Pacific.

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Production Analysis - C=xPx Profit 38.25 76.5 76.5 1 13.63...

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