Question

Below is the production function for a wheat farm, where the input is chemicals (oz) and the output is wheat (bu). Q12: What is the MPP of using the 6th unit of input? X (oz) Y (bu) APP(.) MPP(.) 0 0 -- -- 1 10 __ __ 2 30 __ __ 3 __ 13 __ 4 44 __ __ 5 __ __ 1 6 42 __ __ Group of answer choices 2 -2 3 -3

          Below is the production function for a wheat farm, where the input is chemicals (oz) and the output is wheat (bu).
Q12:  What is the MPP of using the 6th unit of input?
X (oz) Y (bu) APP(.)  MPP(.)
0          0          --          --
1          10        __        __
2          30        __        __
3          __        13        __
4          44        __        __
5          __        __        1
6          42        __        __
Group of answer choices
2
-2
3
-3
        
Show more…

Added by Stephanie A.

Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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Below is the production function for a wheat farm, where the input is chemicals (oz) and the output is wheat (bu). Q12: What is the MPP of using the 6th unit of input? X (oz) Y (bu) APP(.) MPP(.) 0 0 -- -- 1 10 __ __ 2 30 __ __ 3 __ 13 __ 4 44 __ __ 5 __ __ 1 6 42 __ __ Group of answer choices 2 -2 3 -3
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Transcript

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00:01 Okay, so we are given a table of values that compares inches of rain to bushels per acre.
00:06 And we are asked to plot the data in this table here.
00:11 So i'm going to go ahead and just write down the points we have as x's and y's instead of as inches of rain.
00:20 That we'll put inches here and bushels, which i'll put here.
00:25 So again, i'm just changing them into x and y so that we can graph them.
00:28 So i have two produces 20 bushels, four produces 30 bushels, and eight produces 50 bushels.
00:38 That's a 50.
00:39 Okay.
00:41 So we want to plot the data in as ordered pairs and then connect the points with the line.
00:46 So let's go ahead and do this.
00:47 I have two, which is here, 20, that's right here.
00:51 I have 4 .30, which puts me right here.
00:55 And i have 8, 50, which puts me here.
00:59 And since they want me to connect it with a straight line, i'm going to use a ruler and connect the dots here.
01:14 My ipad pencil isn't wanting to draw the straightest line, but hopefully you get the idea here.
01:22 Okay, so next i want to be able to answer questions.
01:26 So let's go ahead and label these here.
01:29 220, 430, and 850 is right here...
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