Question: a) Draw an illustration graph of total physical product, average physical product and marginal physical product curves in one diagram and indicate the three (3)

a) Draw an illustration graph of total physical

a) Draw an illustration graph of total physical product, average physical product and marginal physical product curves in one diagram and indicate the three (3) stages of production. (5 marks) b) The following table lists physical data for the application of phosphorus fertilizer to the corn. Complete the table. The total fixed costs are RM125.00 and the price of Phosphorus is RM17.00/unit. Meanwhile the corns are selling at RM3/bushel. TPP MPP TVC TC MIC MVP Phosphorus (lb/unit) 0 1 2 3 4 5 6 7 8 0 35 76 106 127 135 140 139 127 5 00

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