I'll post what results I found here, but first, have a look at this funny article:
http://www.donramon.net/articles/articles_level2_095.htm
Here is some info from a site called get-back-on-track.com
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Testosterone Production
Testosterone is the most important male sex hormone (androgen). In men more than ninety percent of testosterone production takes place in the testes. A considerably smaller amount is produced in the outer layer (cortex) of the adrenal glands.
An adult male produces about 6 - 7 mg testosterone per day. The normal blood level of testosterone fluctuates between 12 and 35 nmol/l. The amount of testosterone produced varies in the course of the day and blood levels can be up to 30 % higher in the early morning. This is the explanation for morning erections. Testosterone levels are usually at their lowest between 6 and 10 pm.
Testosterone production declines in the course of a man's life. On average, testosterone levels begin to decrease gradually after the age of about 35 to 40.
Testosterone has different functions in different phases of life.
In the unborn child it causes male sexual differentiation while during puberty it is responsible for virilization (masculinization).
In the adult male testosterone controls all sexual functions (libido, potency, fertility). In addition, it preserves the typical male build and appearance. It is important for physical health and performance and also has a decisive influence on mood and sensation of wellbeing.
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You can see that an injection of testosterone is a lot more than what the average male produces--thus the shutdown of the testes.
Now, the important thing here is that this is all talking about the normal functioning male. If you refer back to the blood levels in mitch428cj's reply (260 - 1000 ng/dL -- I've also heard 300 - 1200 ng/dL), the average male falls in the middle of that--around 630 I believe. I tested low at 310 the first time and 194 the second time. A shot of 300 mg of test cyp brings my levels to around 1300 which then tapers off as in the graph sundevil posted (due to the half-life of test cyp). You can see that any injection is going to be way more than what your body would naturally produce whether you have a low hormone level or not.