3. a) Given the variables below fill out the cells in table 3. Include the formulas where required. Variables Capital (K) = 12 Production Function GDP = 5VKL where GDP is output K is capital L is labour Table 3 Units of Units of Marginal Product of Labour Output Average Product of Labour Labour Formula => 1 CO CO V O UT A W N 10 b) The units of Output (GDP), the Average Product of Labour, and Marginal Product of Labour should be graphed against the units of labour. Describe the shape of each curve and associate each one with a corresponding curve with graph a), b) or c) below. Figure 3 i) Figure 3 ii) 60 20.0 50 15.0 40 30 10.0 - B 20 O-C 5.0 -0-0 10 -0-0-0-0-0 O 0.0 5 10 15 5 10 15 c) What is meant by the diminishing marginal product of labour? Why is this important