Question: a. From the information in the table, calculate marginal and average products. b. Graph the three functions (put total product on one graph and marginal

a. From the information in the table, calculate marginal and average products.

Total Average Marginal Labor (L) Product (TP) Product (AP) Product (MP) Capital

b. Graph the three functions (put total product on one graph and marginal and average products on another).

c. For what range of output does this function have diminishing marginal returns?

d. At what output is average product maximized?

Total Average Marginal Labor (L) Product (TP) Product (AP) Product (MP) Capital (K) 10 15 10 10 10 10 10 10 10 10 10 0 50 75 85 dst 92 92 90 10

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