This website uses cookies to ensure you have the best experience. Learn more

The Production Of Wheat Essay

1355 words - 6 pages

Production of wheat depend upon various inputs such as Land, Labour and Capital that leads to the output. As a producer, one will calculate how much of land and labour or other factors are required to produce the given quantity of a commodity (wheat). Production function helps us study the functional relationship between physical inputs and physical output of a commodity. It is purely a technical relation which carries factor inputs and output.
Y=f(X1, X2)
Y: maximum possible output of a commodity
X1: amount of factor-1(or input 1)
X2: amount of factor-2(or input)
It is equally important to note that a production function is always defined with respect to a given technical know how. Over ...view middle of the document...

Output increased by increasing variable factor of inputs only.
It is a production function in which factor ratio remain constant at all level of output.

Output increased by increasing all factor of inputs.

TP is the total of all units of the variable factors used in the process of production.
MP is additional output result to an additional unit of the variable factor, other factor remaining consist.

MP can be negative in certain situations, For example if there is excessive employment in some public sector undertakings in India, more employment creates discrepencies in overall efficiency of the workers, this leads MP to happen to be negative. In such a situation , withdrawal of some workers is expected to improve productivity and the level of TP.
AP is outcome per unit of the variable factor used in the factor of production
Law of Diminishing Returns states that as more and more of the variable factor is combined with the fixed factors of production, a stage must come when marginal product of the variable factor starts declining.

Assumption of the law:
The Law of variable proportion is only possible if we consider some assumption, which are mentioned as follows:
(1) The output can only be increased only by combining more of the variable factor with the fixed factors
(2) All units of variable factors are homogeneous is equally efficient.
(3) Some factors are fixed, output can only be increased by application increasing variable factors of production.
(4) State of technology does not change.

Following are the observation on the relation between Marginal product and Total Product.
(1) When marginal product is increasing, Total Product increases at increasing rate
(2) When Marginal product starts diminishing Total product increases at decreasing rate
(3) When Marginal product is negative, Total production shows downward trend

(1) Average product increases, when Marginal Product is greater than Average Product.
(2) Average product decreases when Marginal Product is less than Average product.
(3) Average Product is at its maximum when Average Product is equal to Marginal Product.
(4) Marginal Product may be zero or negative, but Average Product continues to be Positive.

(1) Stage 1,...

Find Another Essay On The Production of Wheat

The Cost-of-Production Theory Essay

796 words - 4 pages library and in the case of the cinema, you cannot spend the money on something else. All production involves a cost. This cost is not counted simply in terms of money but also in terms of resources used. The resources used in producing a good and service are the real costs of that product. For example, a road construction. In this type of activity the real cost are the human, capital and natural resources in consumes. To road construction requires

Drugs: The Production of Heroin Essay

2011 words - 8 pages used regularly. To this day, heroin addiction still remains a major issue worldwide, especially in the United States (Heroin Facts). Heroin’s elementary but effective production has resulted in a variety of harmful side effects in users and an evident impact hurting millions annually. The production of heroin was very popular due to its simplicity. First the opium poppy seed is planted, grown, and harvested. The raw opium is collected into balls

Discuss the presentation of the theme of sacrifice in the novel "A Grain of Wheat" by Ngugi wa Thiong'o

680 words - 3 pages The idea that sacrifice is required before Kenya attains true nationhood, is one of a range of ideas - others being birth, betrayal, heroism and forgiveness - in the novel "A Grain of Wheat", by Ngugi wa Thiong'o. It is conveyed through the words and actions of many characters (especially Kihika, Mugo and to a lesser extent Gikonyo), rather than through the author telling us, since the narration is that of a third person. Ngugi explains that

The Culture of Consumption: Production of Space

1282 words - 5 pages appears to be the only apparent anomaly to the trend of consumerism. Nonetheless, it is enough to prove that physical design is not the only determinant of space. There is a cycle of production in which the built environment influences the everyday practices and in turn the daily practices influence (in this case reinforce) the built environment (Winders, 2011). The built environment and daily practices of consumerism on Marshall Street

The Ethics of Genetically Modified Food Production

4169 words - 17 pages The Ethics of Genetically Modified Food Production As human technological innovation proceeds into the twenty-first century, society is faced with many complex issues. Genetic engineering and cloning, encryption and information security, and advanced weapons technologies are all prominent examples of technological issues that have substantial moral and ethical implications. Genetic engineering in particular is currently a very

Review of the production Blithe Spirit the relationships depicted in the production and the various thearical tools of production involved

580 words - 2 pages Blithe Spirit- Brings the spirit world to life!What do you get when you put together a distinctive setting, fascinating characters and a hint of conjuring? It'll be the new contemporary production of "Blithe Spirit" which recently had its astoundingly successful opening night at the Opera House. Director Roger Hogeman has put together his own distinctive version of this humorous play set in the days just after the War in England, a time of

The Production of Large Vehicles in Australia

2296 words - 10 pages Australia is best known for the production of large vehicles and is one of the most open automotive markets in the world. The industry plays a vital role in employment, exports, and innovation in the economy of Australia. It is a self-contained ‘full-service’ industry that operates the full range of activities from design to manufacture of vehicles even though the industry is small by global standards (Singh, Smith, & Sohal, 2004). The three

The Last Night Of Ballyhoo - Production Critique

1244 words - 5 pages This paper is a critique of a production of The Last Night of Ballyhoo, a play written by Alfred Uhry, which was performed and produced by the Ball State University Theatre. Gilbert L. Bloom directed the production and was very successful with producing a truly entertaining, comedic play with an important message about the personal dilemmas that we as individuals with different beliefs and values must encounter in our daily lives. All elements

The Commercial Production of Green Beans

1264 words - 5 pages Green Beans, also known as French beans and runner beans are commercially produced all over the world. They are easy to plant and grow, and delicious to eat. The major production of green beans in the United States is located in Oregon, Wisconsin, and western New York (Taber, 1). A little bit of history about early American beans; Beans are one of the longest-cultivated plants. The common bean has been cultivated for six thousand years in the

The Challenge of Global Food Production

715 words - 3 pages Food production have many challenges to address: CO2 emissions, which are projected to increase by two-thirds in the next 20 years, as the global food production increases so does the number of people going hungry, with the number of urban hungry soaring. The environmental issues are not the only ones to face; politics and economic globalization take also the big part in the food world. These days agriculture and food politics has been going

The Politics of Natural Gas Production

1387 words - 6 pages The Politics of Natural Gas Production In 2010, roughly 25 percent of the nation’s energy came from natural gas, a “fossil fuel” which American consumers and businesses heavily depend on for transport, light, and heat (Squire 6). As the U.S. population increases, so do the country’s energy needs. Political debate over how the U.S. can meet those needs has slowly simmered for several decades, escalating exponentially when the energy supply

Similar Essays

The Unhealthy Evolution Of Wheat Essay

1035 words - 5 pages ? The production of wheat is not a new phenomenon. Wheat has been successfully cultivated for thousands of years. Since the industrial revolution, wheat cultivation has taken a dramatic shift. Everything has changed; how we grow wheat, how we process it, the way we store it and even the way we eat it. Yes, a lot has changed. The steel roller mill appeared around 1870, replacing stone mills (almost completely within ten years). This is where

Considerations For The Genetic Modificaiton Of Wheat

2233 words - 9 pages . This could lead to the production of wheat designed specifically for a healthy diet for all consumers. Wheat can also be engineered to taste better, which could encourage people to eat more healthy foods. We take water out of the system to irrigate crops and we add substances to the water intentionally or not. As precipitation falls on the ground and moves into rivers and creeks, it picks up a whole range of pollutants. In rural areas these

The Factors Of Production Essay

1102 words - 5 pages Production Functions A production Function in general, without specifying what kind, is related to the output of a production process which starts which starts with the factors of production. The production functions are an integral part for explaining marginal products as well as allocative efficiency. There are different classifications for production functions, and what constitutes them, determined by the type of production. This article of

Discuss The Characterization And The Role Of Mumbi In The Novel " A Grain Of Wheat"

549 words - 2 pages In the novel "A Grain of Wheat" written by Ngugi WA Thiong'o the character of Mumbi can be described as a beautiful and very influential figure for example "her eyes were soft and submissive and defiant". With her beauty and natural charisma she is used to link all the important themes, ideas, characters and even some of the symbols of the novel. Ngugi makes use of a number of different themes to convey his ideologies, it is in these themes that