An Example of a Production Function

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Also, the geometric relationship between the three short-run curves is illustrated on the left. In particular, you can see the coincidence point of average and marginal product curves at the top left.

Contributed by: Javier Puértolas (March 2011)
Open content licensed under CC BY-NC-SA


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Additional information on this topic can be found in:

W. Nicholson, Microeconomic Theory: Basic Principles and Extensions, Hinsdale, IL: Dryden Press, 1972.

N. G. Mankiw, Principles of Microeconomics, Ft. Worth, TX: Dryden Press, 1997.

A. Griffiths and S. Wall., Intermediate Microeconomics: Theory and Applications, New York: Pearson Education, 2000.



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