TABLE A

The following is a hypothetical short-run production function

CAPITAL

LABOR HOURS

TOTAL PRODUCT

MARGINAL PRODUCT

5

0

____?

_____?

5

1

100

100

5

2

_____?

120

5

3

330

____?

5

4

_____?

100

From the above table give answers to the following (10% each):

a..After filling in the (___?) above, the total product with 4 hours of labor is: _____

b..From what amount of labor hours does diminishing return sets in?______

c..Define and explain what you answer to "b" implies: ..................