t 96 table 6 1
TRANSCRIPT
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8/14/2019 T 96 Table 6 1
1/14
TABLE6
.1
Pro
duct
ionw
ithOn
eVaria
bleInput
Amount
Amount
Total
Average
Ma
rginal
ofLabor(L)
ofCapital(K)
Output(q)
Prod
uct(q/L)
Produc
t(q/L)
0
10
0
1
10
10
10
10
2
10
30
15
20
3
10
60
20
30
4
10
80
20
20
5
10
95
19
15
6
10
108
18
13
7
10
112
16
4
8
10
112
14
0
9
10
108
12
4
10
10
100
10
8
Microeconomics,6/e
RobertS.
PindyckandDanielL.Rubinfeld
2005PrenticeHall,Inc
APea
rsonEducationCompany
Upper
SaddleRiver,NJ07458
T-96
Table
6-1
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8/14/2019 T 96 Table 6 1
2/14
1 2 9 10
1 2 43 5 6 7 8 9 100
112
60
30
20
10
Outputper
month
Outputper
workerper
month
0
Labor per Month
Labor per month
(a)
(b)
Total Product
Average Product
Marginal Product
C
B
A
D
E
3 4 5 6 7 8
Microeconomics, 6/eRobert S. Pindyck and Daniel L. Rubinfeld
2005 Prentice Hall, IncA Pearson Education Company
Upper Saddle River, NJ 07458
T-97 Figure 6-1
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8/14/2019 T 96 Table 6 1
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10
9
8
7
6
5
4
3
2
1
0
50100
Output per
time
period
O3
O2
O1
Laborpertimeperio
d
C
B
A
Microeconomics,6/e
RobertS.
PindyckandDanielL.R
ubinfeld
2005PrenticeHall,Inc
APea
rsonEducationCompany
Upper
SaddleRiver,NJ07458
T-98
Figure
6-2
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TABLE6
.2
In
dexo
fWorl
dFoo
dPro
duct
ion
Per
Cap
ita
Year
Index
1948
1952
100
1960
115
1970
123
1980
128
1990
138
1995
140
2001
161
Microeconomics,6/e
RobertS.
PindyckandDanielL.R
ubinfeld
2005PrenticeHall,Inc
APea
rsonEducationCompany
Upper
SaddleRiver,NJ07458
T-99
Table
6-2
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8/14/2019 T 96 Table 6 1
5/14
350
3.2
3.0
2.6
2.8
2.4
2.2
2.0
1.6
1.8
300 19
70
1975
1980
1985
1990
1995
2000
2005
250
200
150
100 50
CerealYield
FoodPrice
Index
Foodpriceindex(1990=100)
Cereal yields (metric tons per hectare)
Microeconomics,6/e
RobertS.
PindyckandDanielL.R
ubinfeld
2005PrenticeHall,Inc
APea
rsonEducationCompany
Upper
SaddleRiver,NJ07458
T-100
Figure
6-3
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8/14/2019 T 96 Table 6 1
6/14
TABLE6
.3
La
bor
Pro
duct
ivityinDeve
lope
dCoun
tries
UNITED
UNITED
STATES
J
APAN
FRANC
E
GERMANY
KINGDOM
Re
alOutputperEmployedPerson(2001)
$75,5
75
$52,8
48
$62,46
1
$66,3
69
$52,4
99
Years
Ann
ualRateo
fGrowtho
fLaborProductivity(%
)
1960
1973
2.2
9
7.8
6
4.7
0
3.9
8
2.8
4
1974
1982
0.2
2
2.2
9
1.7
3
2.2
8
1.5
3
1983
1991
1.5
4
2.6
4
1.5
0
2.0
7
1.5
7
1992
2001
2.0
0
1.1
9
0.8
6
2.1
0
1.9
8
Microeconomics,6/e
RobertS.
PindyckandDanielL.R
ubinfeld
2005PrenticeHall,Inc
APea
rsonEducationCompany
Upper
SaddleRiver,NJ07458
T-101
Table
6-3
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7/14
TABLE6
.4
P
roduct
ionw
ithTw
oVaria
bleInputs
LaborInput
CapitalInput
1
2
3
4
5
1
20
40
55
65
75
2
40
60
75
85
90
3
55
75
90
100
105
4
65
85
100
110
115
5
75
90
105
115
120
Microeconomics,6/e
RobertS.
PindyckandDanielL.R
ubinfeld
2005PrenticeHall,Inc
APea
rsonEducationCompany
Upper
SaddleRiver,NJ07458
T-102
Table
6-4
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8/14/2019 T 96 Table 6 1
8/14
Capital p
er
month
Laborpermon
th
A
D
1
2
3
4
12345
E
q39
0
q27
5
q15
5 5
B
C
Microeconomics,6/e
RobertS.
PindyckandDanielL.R
ubinfeld
2005PrenticeHall,Inc
APea
rsonEducationCompany
Upper
SaddleRiver,NJ07458
T-103
Figure
6-4
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8/14/2019 T 96 Table 6 1
9/14
1
2
3
4
5
012345
Capital per
month
Laborpermonth
q3=9
0
q2=75
q1=55
K
=2
L=1
K=1
L=1
L=1
L=1
K=
23
K=
13
Microeconomics,6/e
RobertS.
PindyckandDanielL.R
ubinfeld
2005PrenticeHall,Inc
APea
rsonEducationCompany
Upper
SaddleRiver,NJ07458
T-104
Figure
6-5
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8/14/2019 T 96 Table 6 1
10/14
Capital
per
month
A
B
C Laborpermonth
q1
q2
q3
Microeconomics,6/e
RobertS.
PindyckandDanielL.R
ubinfeld
2005PrenticeHall,Inc
APea
rsonEducationCompany
Upper
SaddleRiver,NJ07458
T-105
Figure
6-6
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8/14/2019 T 96 Table 6 1
11/14
Capita
l
per
month
K
1
Laborpermonth
A
B
C
L1
q1
q2
q3
Microeconomics,6/e
RobertS.
PindyckandDanielL.R
ubinfeld
2005PrenticeHall,Inc
APea
rsonEducationCompany
Upper
SaddleRiver,NJ07458
T-106
Figure
6-7
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8/14/2019 T 96 Table 6 1
12/14
Capital
(machine
hoursper
year)
120
100 90 80 40
Output=13,8
00Bus
hels
perYear
500
760
1000
250
Labor
(hoursperyear)
A
B
K=
10
L=260
Microeconomics,6/e
RobertS.
PindyckandDanielL.R
ubinfeld
2005PrenticeHall,Inc
APea
rsonEducationCompany
Upper
SaddleRiver,NJ07458
T-107
Figure
6-8
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8/14/2019 T 96 Table 6 1
13/14
Capital
(machine
hours)
Capital
(machine
hours) 6 4 2 0
24
5
10
30
20
10
30
20
10
15
5
10
Labor(h
ours)
Labor(hours)
(a)
(b)
A
A
0
Microeconomics,6/e
RobertS.
PindyckandDanielL.R
ubinfeld
2005PrenticeHall,Inc
APea
rsonEducationCompany
Upper
SaddleRiver,NJ07458
T-108
Figure
6-9
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8/14/2019 T 96 Table 6 1
14/14
TABLE6
.5
The
U.S.
Carpet
Ind
ustry
CarpetShipments,
2001
(MillionsofDollarsperYear)
*
1.
ShawIndustries
4012.0
6.
Inte
rfaceFlooring
639.8
2.
MohawkIndustries
3350.0
7.
Ma
nningtonMills
555.0
3.
Armstrong
1816.6
8.
Collins&Aikman
500.0
4.
BeaulieuofAmerica
1300.0
9.
The
DixieGroup
484.6
5.
Dal-Tile
667.0
10.
Domco-Tarkett
419.5
*ThedatainTable6.5representtotalfloor-coveringsalesin2001,
ofwhich69.1percentiscomposed
ofcarpet(broadloo
ma
ndrugs).
Microeconomics,6/e
RobertS.
PindyckandDanielL.R
ubinfeld
2005PrenticeHall,Inc
APea
rsonEducationCompany
Upper
SaddleRiver,NJ07458
T-109
Table
6-5