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Tale about the analysis of the production презентация
Содержание
- 1. Tale about the analysis of the production
- 2. The production as some function of the
- 3. Production function with two variable inputs: Капитал Труд
- 4. The number of units of output
- 5. The surface of production
- 8. The main characteristics of the isoquants are
- 9. Economic decisions formed by isoquant curves Option
- 10. The rule of minimum cost
- 11. The quantity of marginal product The price
- 12. А => С: ∆С * МРс
- 13. Isocosts shows the combination of required factors
- 14. The minimum cost rule or the rule
Слайд 2The production as some function of the level of output depending
Goal: to understand the productivity of factors of production and its influence on the production function
Consider a production system with two variable inputsпроизводства
Слайд 4
The number of units of output as a function of combinations
The number of units of labour
The number of units of capital
Слайд 8The main characteristics of the isoquants are the same as those
MRTSxy = - ∆Y / ∆X
Input factor
of production X (labour)
Input factor
of production Y(capital)
Isoquants
The slope of the curve determines the marginal rate of technical substitution
Слайд 9Economic decisions formed by isoquant curves
Option A
Option B
Quantity of labour
Quantity of
Amount of capital
Amount of capital
Слайд 11The quantity of marginal product
The price of inputs
The minimum cost rule
Слайд 12 А => С: ∆С * МРс = ∆L * MPL
Let’s
- ∆С /∆L = - MPL / МРс
- ∆С /∆L = MRTS LC => MRTS LC = - MPL / МРс
=> The slope of the isoquant indicates not only the rate of technical substitution of labor and capital, but also the ratio of the marginal product of labor and marginal product of capital
Input factor
of production X (labour)
Input factor
of production Y(capital)
Слайд 13Isocosts shows the combination of required factors purchased using a predetermined
TC = L * PL + C * PC
The slope of isocost:
∆С / ∆ L = (- TC / Pc) : (TC / PL) = ( - TC / Pc)* (PL/TC) = - PL / Pc
Isocost is always a tangent to some isoquant: =>
the balance point (the slopes of the isoquant and isocost is equal):
- MPL / МРс = - PL / Pc => MPL / PL = МРс / Pc
The resulting equation for The minimum cost rule
Input factor
of production X (labour)
Input factor
of production Y(capital)
Слайд 14The minimum cost rule or the rule of employment at the
If the price of any input factor of production is increased, then the holder of a specific production should reduce the use of this factor (marginal product will increase), and use large quantities of other factors (their marginal product will decrease) as long as the ratio MP/P will be equal
