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Developing Realistic Agricultural Production Functions for Use in Undergraduate Classes

Published online by Cambridge University Press:  28 April 2015

David L. Debertin
David L. Debertin*
Affiliation:
University of Kentucky
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Abstract

This note describes an approach for teaching undergraduate students basic properties of cost and production functions with the aid of computer-generated illustrations. Parameters of a third degree polynomial are derived by making use of both the theoretical restrictions and the specific agricultural production process. The function is then used as the basis for the development of a simple computer graphics program which generates illustrations of the corresponding MPP, AC, and MC functions. Such illustrations can be used to make technically accurate visual aids.

Keywords

teachingundergraduategraphicscomputerproduction functionscost functions
Type
Notes
Information
Journal of Agricultural and Applied Economics , Volume 17 , Issue 2 , December 1985 , pp. 207 - 214
Copyright
Copyright © Southern Agricultural Economics Association 1985

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References

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