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Production Analysis
[object Object]
The Production Function ,[object Object]
[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
 
Production in Retailing ,[object Object],[object Object]
Distribution Services ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Short run function vs Long Run function ,[object Object],[object Object]
[object Object],[object Object],[object Object]
[object Object]
---- 7.00 9.00 11.00 11.50 11.00 11.00 9.00 8.13 7.33 6.60 5.82 5.00 ----- 7 11 15 13 9 5 3 2 1 0 -1 -4 0 7 18 33 46 55 60 63 65 66 66 64 60 0 1 2 3 4 5 6 7 8 9 10 11 12 AP MP TP of labor No. of employees
[object Object],[object Object],[object Object],Relationship between the TP,MP and AP
[object Object],[object Object],[object Object]
Three Stages of Production ,[object Object],[object Object],[object Object]
Production in the Long Run ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Production in the Long Run ,[object Object],Q X,Y IRTS Q X,Y CRTS Q X,Y DRTS
Law of Diminishing Returns ,[object Object]
The law of diminishing marginal product ,[object Object],[object Object]
ISOQUANT An Isoquant is a curve representing the various combinations of two inputs that produce the same amount of output. Q = f( L ,K) Example- diff combinations of L n k ,required to produce 45 units of goods X, join the points by a curve……
P roperties of isoquants ,[object Object],[object Object],[object Object],[object Object],[object Object]
An isoquant map Units of capital ( K ) Units of labour (L) I 1 I 2 I 3 I 4 I 5
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Class prodctn i retail

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  • 12. ---- 7.00 9.00 11.00 11.50 11.00 11.00 9.00 8.13 7.33 6.60 5.82 5.00 ----- 7 11 15 13 9 5 3 2 1 0 -1 -4 0 7 18 33 46 55 60 63 65 66 66 64 60 0 1 2 3 4 5 6 7 8 9 10 11 12 AP MP TP of labor No. of employees
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  • 21. ISOQUANT An Isoquant is a curve representing the various combinations of two inputs that produce the same amount of output. Q = f( L ,K) Example- diff combinations of L n k ,required to produce 45 units of goods X, join the points by a curve……
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  • 23. An isoquant map Units of capital ( K ) Units of labour (L) I 1 I 2 I 3 I 4 I 5