Economics 12th Edition by William Baumol, Alan S Blinder

تمرين 10

Naomi has stockpiled a great deal of chicken feed. Suppose now that she buys more chicks, but not more chicken feed, and divides the feed she has evenly among the larger number of chickens. What is likely to happen to the marginal physical product of feed What, therefore, is the role of input proportions in the determination of marginal physical product