Question: 1. The below question shows Short-Run productivity data for a small business. Units of Labor Total Product Marginal Product Average Product 0 0 18 2

1. The below question shows Short-Run productivity data for a small business. Units of Labor Total Product Marginal Product Average Product 0 0 18 2 40 75 104 120 126 119 8 104 a. Complete the table above by calculating Marginal Product and Average Product. b. Explain why, in the short run, Marginal Product first rises, then declines, and ultimately becomes negative. c. What happens to Marginal Cost when Marginal Product is rising? When Marginal Product is falling?_ When Marginal Product is at its maximum

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