#1
Need a little help with school work. It's not home work, but apparently I missed somthing in lecture beacuse I'm lost. Here goes:

Formulas you may need:

Average Physical Product (APP) = Total Physical Product (TPP) / X
Marginal Physical Product (MPP) = Change in TPP / change in x
MArginal Revenue Product (MRP) = MPP x Price (of output?)


Flo's Total Physical Product Schedule:


Corn Input  Chicken Output   APP   MPP   MRP 
(40-lb. Bags)
0            0.0              0
1            14.0             14
2            36.0             18
3            66.0             22
4            100.0            25
5            130.0            26
6            156.0            26
7            175.0            25
8            184.0            23
9            185.4            20.6
10           180.0            18
11           165.0            15
12           144.0            12                    



For the 3rd line on the MPP I was told the answer was 22; and on the 4th line I was tald the MPP was 30. When I do the math I don't get those answers. What am I missing?
LAISSEZ LES BON TEMPS ROULER
Last edited by NotOneWithNames at Feb 13, 2008,
#3
Try letting people know what all your variables are. We can't solve this stupid problem without all that.
#4
Quote by Preid
Try looking up the economics of the Searchbar.

how can he use the search bar to get help with his economics homework you ****ing dumbass

@ some of it, keep checking back for it
X=corn input
MPP=the difference between the previous chicken output and the new one/1 (it's divided by 1 because it is the change in corn output which is always 1)
so:

3rd line is MPP=22 (36-14=22)
4th line is MPP=30 (66-36=30)
Last edited by Irontallica09 at Feb 13, 2008,
#5
Man, it's too early to even be thinking of stuff like this. Haha. I looked at it for a second tho...
#6
What I've posted is all I know... I'm looking for MPP and MRP.

And yes X is corn input and TPP is Chicken Output.
LAISSEZ LES BON TEMPS ROULER
#7
Quote by Irontallica09
how can he use the search bar to get help with his economics homework you ****ing dumbassl


#10
Quote by Irontallica09
how can he use the search bar to get help with his economics homework you ****ing dumbass

@ some of it, keep checking back for it
X=corn input
MPP=the difference between the previous chicken output and the new one/1 (it's divided by 1 because it is the change in corn output which is always 1)
so the 3rd line is MPP=22



so is the 4th line 30?

And if the 3rd line on the MPP colum is 22 does that make te MRP $116.25?
LAISSEZ LES BON TEMPS ROULER
Last edited by NotOneWithNames at Feb 13, 2008,
#13
Well it says the MPP=change in TPP/1, if you look at it logically, the trend changes when you get to line 9 so it makes perfect sense for your results to start changing as a result of this
#14
Quote by NotOneWithNames
So on lines 9 - 12 I should have negative numbers?


Yes, as you start getting negative returns to scale, as 'too many cooks spoil the broth'!
Originally posted by TestForEcho
Badreligionrock is the man.

Quote by Pinky19
Badreligionrock you have the greatest avatar of all time. Rejected is the best video. Period.
#16
It looks a little more like this now:

Corn Input   Chicken Output   APP   MPP   MRP 
40-lbs bags
0            0.0              0     0
1            14.0             14    14
2            36.0             18    22
3            66.0             22    30
4            100.0            25    34
5            130.0            26    30
6            156.0            26    26
7            175.0            25    19
8            184.0            23    9
9            185.4            20.6  1.4
10           180.0            18    -5.4
11           165.0            15    -15
12           144.0            12    -21          
LAISSEZ LES BON TEMPS ROULER