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Chapter 6
Production and Business
Organization
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T-49
Figure 6-1
Marginal Product Is Derived
from Total Product
McGraw-Hill/Irwin Copyright ? 2001 The McGraw-Hill Companies,Inc,All rights reserved,
Diminishing Returns
in Corn Production
T-50
Figure 6-2
Source,Earl O,Heady,John T,Pesek,and William G,Brown,Crop Response Surfaces and Economic Optima in Fertilizer Use
(Agricultural Experiment Station,Iowa State College,Ames,IA 1955),Table A-15,
McGraw-Hill/Irwin Copyright ? 2001 The McGraw-Hill Companies,Inc,All rights reserved,
Technological Change Shifts
Production Function Upward
T-51
Figure 6-3
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Value of,Networking” Increases
as Membership Increases
T-52
Figure 6-4