What is the signipicance of the nelationship of Input (X), TP ,ÀPP amd MPP to productian Mamagement?

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter4: Utility Maximization And Choice
Section: Chapter Questions
Problem 4.3P
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Given the gellowing hypothetical data on ingut
(x) amd tätal Physical Pro duct (TPP) oy xZ
corperation.
Input (x) Tatal
Physical
Prě du ct
(TPP)
Average
Physi cal
Product
CAPP)
Marginal
Physical
Pro du ct
(MPP)
3
4
14
3.5
4
24
4
8.
32
4
4
10
38
3.8
3
12
42
3.5
2
14
44
3.14
1
44
2.75
18
42
2.33
-1
20
30
1.5
- 6
Transcribed Image Text:Given the gellowing hypothetical data on ingut (x) amd tätal Physical Pro duct (TPP) oy xZ corperation. Input (x) Tatal Physical Prě du ct (TPP) Average Physi cal Product CAPP) Marginal Physical Pro du ct (MPP) 3 4 14 3.5 4 24 4 8. 32 4 4 10 38 3.8 3 12 42 3.5 2 14 44 3.14 1 44 2.75 18 42 2.33 -1 20 30 1.5 - 6
What is the Aignizicance of the relationahip
of Input (X), TPP, APP and MPPto production
Management?
Transcribed Image Text:What is the Aignizicance of the relationahip of Input (X), TPP, APP and MPPto production Management?
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