Production Function.
Below is the production function for an agribusiness firm, where X is the input, and Y is the output.
$\begin{array}{llll}
\underline{\mathrm{X}} & \underline{\mathrm{Y}} & \underline{\text { APP }} & \underline{\mathrm{MPP}} \
0 & \underline {\quad} & -- & -- \
1 & 10 & \underline {\quad} & 10 \
2 &\underline {\quad} & 15& \underline {\quad} \
3 & 45& \underline {\quad} & 15 \
4 & 50 &\underline {\quad} & \underline {\quad} \
5 & 45 &\underline {\quad} & \underline {\quad} \
6&\underline {\quad} &6&-9
\end{array}$
-What is the APP of using 4 units of input?

Question

Production Function.
Below is the production function for an agribusiness firm, where X is the input, and Y is the output.
 $\begin{array}{llll}
\underline{\mathrm{X}} & \underline{\mathrm{Y}} & \underline{\text { APP }} & \underline{\mathrm{MPP}} \
0 & \underline {\quad}  & -- & -- \
1 & 10 & \underline {\quad} & 10 \
2 &\underline {\quad} & 15& \underline {\quad} \
3 & 45& \underline {\quad} & 15 \
4 & 50 &\underline {\quad}  & \underline {\quad} \
5 & 45 &\underline {\quad}  & \underline {\quad} \
6&\underline {\quad} &6&-9
\end{array}$
-What is the APP of using 4 units of input?

Quizplus · Accepted Answer

The Average Physical Product (APP) is calculated as the total output (Y) divided by the total input (X). For 4 units of input, the total output is 50. Therefore, APP = 50 / 4 = 12.5.

Production Function -What Is the APP of Using 4 Units of Input