1 Draw an x and y axis. Labour input on the x-axis should go from 0 to 1,000 workers. Output on the y-axis should go from 0 to 50,000kg. a. Mark the point 500 workers and 30,000kg. Call this point A. b. Sketch a curved production function relating output to labour input, going through A. c. In a different colour, draw a dotted ray from the origin to point A. Write what the slope of this ray shows. d. Now, on the same diagram, draw and label the impact of a one-off improvement in technology on (i) total output and (ii) the average product of labour. e. Label the new point B and write the amount of labour and the amount of output for B on the diagram. 2 Use a copy of the same diagram from question 1. According to Malthus, what happens when APL increases? Show how the demographic response to higher incomes after a one-off technological improvement might reverse any gain in incomes (the Malthusian Trap), so that APL ends up being back where it started. 1 Draw an x and y axis. Labour input on the x-axis should go from 0 to 1,000 workers. Output on the y-axis should go from 0 to 50,000kg. a. Mark the point 500 workers and 30,000kg. Call this point A. b. Sketch a curved production function relating output to labour input, going through A. c. In a different colour, draw a dotted ray from the origin to point A. Write what the slope of this ray shows. d. Now, on the same diagram, draw and label the impact of a one-off improvement in technology on (i) total output and (ii) the average product of labour. e. Label the new point B and write the amount of labour and the amount of output for B on the diagram. 2 Use a copy of the same diagram from question 1. According to Malthus, what happens when APL increases? Show how the demographic response to higher incomes after a one-off technological improvement might reverse any gain in incomes (the Malthusian Trap), so that APL ends up being back where it started