1. Complete the table.
2. Plot "APP" and "MPP" in one diagram.
3. At which level of labor does "law of diminishing return" start to appear?
4. At which level of labor does. MPP curve cross. the APP. curve?
5. In the beginning as labor increases, does APP increase or decrease? By using one paragraph, briefly explain. why.

L Q APP MPP

0 0 NA NA

1 40 ? ?

2 90 ? ?

3 150 ? ?

4 200 ? ?

5 240 ? ?

6 270 ? ?

7 290 ? ?

8 300 ? ?

FOR PART 1 AND 3 YOU HAVE TO ANSWER BY USING MPP TABLE OR DIAGRAM.

QUESTION # 2

1. Complete the table.
2. plot ATC, AVC and MC in one diagram .
3. At which level of output (except Q=1) does MC curve cross the AVC curve?
4. Approximately at which level of output, does MC curve cross the ATC curve?
5. Does ATC lie above AVC in your diagram that is ATC> AVC at each output level? why or why not explain?
6. Eventually, as output increases, does ATC increase or decrease? By using one paragraph, briefly explain why.

Q TFC TVC TC AFC. AVC ATC MC

0 30

1 50

2 58

3 65

4 70

5 80

6 95

7 115

8 140

9 170

Please find TFC, TVC AFC, AVC, ATC, MC.

NOTE: you should briefly show how to get the results. don't just write final answers thank you.