Do type

QUESTION 7 [1D MARKS] The following table shows the short run production data of 'halal dim sum' produced by a firm. Fixed Variable Total Average Marginal Factor Factor Product Product Product (TP) (AP) (MP) 1 1 10 1 2 24 1 3 70 1 4 106 1 5 130 1 6 144 1 7 144 1 8 140 i) Calculate the average product and marginal product ii) Based on the data, draw the diagram to show the stages of production. iii) For a rational producer, at what stage should hefshe operate? iv) What is the law of diminishing returns