二、微观经济学生产及厂商均衡理论（Two, microeconomics, production and manufacturer equilibrium theory）.docVIP

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二、微观经济学生产及厂商均衡理论（Two, microeconomics, production and manufacturer equilibrium theory）.doc

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二、微观经济学生产及厂商均衡理论（Two, microeconomics, production and manufacturer equilibrium theory）

二、微观经济学生产及厂商均衡理论（Two, microeconomics, production and manufacturer equilibrium theory） Two, micro economics and production firm equilibrium theory Key questions answered How is the relationship between the 1. of total yield, average and marginal yield? First, the total yield curve, the average yield curve and marginal yield curve is upward sloping, and downward sloping, which increased first and then decreased. Second, the relationship between the total yield curve and marginal yield curve: when the marginal output is greater than zero, the total output is increasing; when the marginal output is zero, the total yield reached the maximum; when the marginal yield is negative, the total yield began to decline. Third, the relationship between marginal yield curve and average yield curve: the highest marginal yield curve and the average yield curve intersects the average yield curve. Before the intersection, the marginal yield is higher than the average yield (MP AP), the average yield curve is rising; the intersection after the marginal output is less than the average yield (MP AP) the average yield curve is decreased; when intersecting marginal product equals the average yield (MP= AP). See materials P89 22. what is the law of diminishing marginal returns? What is this law effect? The law is also called the law of diminishing marginal returns, refers to the other conditions remain unchanged, if an input element equivalent continuous increase increases to a certain value, the increment will provide products drop, you can change elements of the marginal output will decline. This is the marginal return of famous economics law of diminishing. Reasons for the existence of the law of diminishing marginal returns is: with the increase of variable inputs, variable inputs and fixed inputs the ratio between the change in the. In the initial stage of variable inputs increase, relative to the fixed elements, variable inputs is too small, therefore, with the increase of variable i