ECO 305 Lecture Notes - Lecture 5: Philadelphia Police Department, Atp World Tour 500 Series, Marginal Product

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26 May 2018
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1) The following table provides partial information on total product, average product, and
marginal product for a production function. Using the relationship between these
products, fill in the missing cells. (30 points)
2) The Philadelphia Police Department must decide how to allocate police forces between
west Philadelphia and Center City. Measured in arrests per hour, the average product,
total product, and marginal product in each of these two areas are given in the table
below. Currently the police department allocates 200 police officers to Center City and
300 to West Philadelphia. If police can be redeployed only in groups of 100, how, if at all
should the police department reallocate its officers to achieve the maximum number of
arrests per hour? (30 points)
3)
4)
5)
West Philly ATP = 500 Officers
Center City ATP = 100 Officers
6) Identify the regions of increasing, constant, and decreasing returns to scale on the
isoquant map shown. (40 points)
0
180
140
160
480
0
180
320
60
100
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Document Summary

The following table provides partial information on total product, average product, and marginal product for a production function. Using the relationship between these products, fill in the missing cells. (30 points) 60: the philadelphia police department must decide how to allocate police forces between west philadelphia and center city. Measured in arrests per hour, the average product, total product, and marginal product in each of these two areas are given in the table below. Currently the police department allocates 200 police officers to center city and. If police can be redeployed only in groups of 100, how, if at all should the police department reallocate its officers to achieve the maximum number of arrests per hour? (30 points) Center city atp = 100 officers: identify the regions of increasing, constant, and decreasing returns to scale on the isoquant map shown. (40 points)

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