Question: 1. Refer to the information provided in Tablel. The table sets out Sue's Surfboards' total product schedule. Answer the following questions. Table 1 Labor Output

1. Refer to the information provided in Tablel. The table sets

1. Refer to the information provided in Tablel. The table sets out Sue's Surfboards' total product schedule. Answer the following questions. Table 1 Labor Output (workers (surfboards per week) per week) 1 50 2 80 3 125 4 185 5 200 6 220 7 230 a. Calculate the average product of labor b. Calculate the marginal product of labor c. Over what output range does Sue's Surfboards enjoy the benets of increased specialization and the division of labor? d. Over what output range does Sue's Surfboards Experience diminishing marginal product of labor

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