Point B on the Production Function: Output, Average Product, and its Graphical Representation
Point B on the farmers' production function represents a scenario with 1,600 farmers yielding a total of 778,000 kilograms of grain. The average product of labor at this point is 486 kg per farmer, calculated as the total output divided by the number of farmers ($778,000 / 1,600$). Graphically, this average product is represented by the slope of the line segment (or ray) connecting the origin (0,0) to Point B. The slope is calculated by dividing the vertical distance from the origin to B (778,000) by the horizontal distance (1,600).
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