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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    
  1. NOTE: Values of marginal products were evaluated at the geometric mean level of each factor and output (household labour income). The geometric mean output was found to be ₦223, 519.38.