Consider a plant company that produces plants in pots that are sold at garden stores (tomato plants and flowering plants, for example).  The output is the number of plants in pots produced. Resources used are: a building, land, labor, potting soil, pots, seeds, computers, wheelbarrows, shovels, clippers, hand carts, watering cans and energy. (Including some numbers and a diagram along with your written explanation) 1. How does this change in productivity effect costs and why? (A diagram would be useful.)

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 12RQ: What is a production function?
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: Consider a plant company that produces plants in pots that are sold at garden stores (tomato plants and flowering plants, for example).  The output is the number of plants in pots produced. Resources used are: a building, land, labor, potting soil, pots, seeds, computers, wheelbarrows, shovels, clippers, hand carts, watering cans and energy. (Including some numbers and a diagram along with your written explanation)

1. How does this change in productivity effect costs and why? (A diagram would be useful.)



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