Table 6 Selected indicators of production response to factor use
From: Off-farm labour supply and production efficiency of farm household in rural Southwest Nigeria
Production factor | Partial elasticity | Geometric mean | Value of marginal product | Estimated unit factor cost (N) |
|---|---|---|---|---|
Arable crop land (Ha) | 0.7075 | 0.8263 | 191,383.23 | n/a |
Tree crop land (Ha) | −0.0309 | 0.2333 | −29,604.58 | n/a |
Size of livestock (ANU) | 0.0836 | 0.2276 | 82,101.14 | 30,000 |
Fertilizer (50 kg-bag) | 0.0286 | 0.2298 | 27,818.34 | 2,400 |
Tractor services (workdays) | 0.0370 | 0.1849 | 44,728.05 | 15,000 |
Intermediate materials (N) | 0.0050 | 1,056.18 | 1.06 | 1.00 |
Hired Labour cost | 0.0112 | 3,995.07 | 0.63 | 1.00 |
Number of adult workers | 0.1128 | 1.8547 | 13,594.10 | n/a |
Number of supporting child | −0.0054 | 0.2936 | −4,111.05 | n/a |
Returns to scale | 0.9494 |