Production function生产函数

(1)计算该生产函数下劳动的平均产量和边际产量;

(2)该生产函数是否显示了劳动的边际报酬递减，请解释;

(3)请直观地解释劳动边际产量为负的原因？

Suppose a chair manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observed the fallowing levels of production corresponding to different numbers of workers:

a. Calculable the marginal and average product of labor for this production function.

b. Does this production function exhibit diminishing returns to labor？ Explain.

e. Explain intuitively what might cause the marginal product of labor to become negative,

生产函数(production function)

A、the production process cannot be enhanced by technological advances.

B、no mathematical representation of the relevant production function can be formulated.

C、the relevant production function has the limits-to-growth property.

D、the relevant production function has the constant-returns-to-scale property.

齐次生产函数(homogeneous production function)与欧拉定理(Euler theorem)

A firm produces one output, using one input, with the production function f(x) = 2x1/3 where x is the amount of input. The cost function for this firm is proportional to the price of the input times the cube of the amount of output.

总生产函数(aggregate production function)