Question: Q 1 . ( a ) Provide a scenario that consists of a business, labour and product to explain total product ( TP ) ,

Q1.(a) Provide a scenario that consists of a business, labour and product to explain total product (TP), average product (AP) and marginal product (MP).(10 marks)
(b) By using relevant graphs, explain the relationships between total product (TP), average product (AP) and marginal product (MP).
(10 marks)
(c) Create a situation involving a business, its workforce, and a product to illustrate the concept of the law of diminishing marginal returns. Your answer should consist of different types of marginal return.
(10 marks)
(d) Table below shows the production data of a firm. Compute average product and marginal product at each level of output. Then, explain the types of marginal return based on your calculated values and the concepts in question (c).(10 marks)
[Total: 40 marks]
Q 1 . ( a ) Provide a scenario that consists of a

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