The table 1 below is shown the production theory of labour for company D'LIMAU Sdn Bhd....
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The table 1 below is shown the production theory of labour for company D'LIMAU Sdn Bhd. Input X Input Y Total Product (TP/Q) 1 0 0 1 1 20 1 2 80 1 3 180 1 4 230 1 5 270 1 6 270 1 7 210 Average Product (AP) Marginal Product (MP) Please answer all questions below: a) Distinguish the concept of short run production and long run product. What is the situation on this production theory by company D'LIMAU Sdn Bhd?. b) Complete the table 1 above for AP and MP. Draw a suitable diagram to show the production theory in this case. c) Determine the three (3) stages of production. Sketch the condition of increasing marginal of return, diminishing marginal of return and negative marginal of return for labour. d) Explain the concept of law of diminishing marginal of return with the demand curve of labour form employers perspective. e) If the labour cost (minimum wage) for labour productivity is RM40, how many labour that required by the employer? Justify. The table 1 below is shown the production theory of labour for company D'LIMAU Sdn Bhd. Input X Input Y Total Product (TP/Q) 1 0 0 1 1 20 1 2 80 1 3 180 1 4 230 1 5 270 1 6 270 1 7 210 Average Product (AP) Marginal Product (MP) Please answer all questions below: a) Distinguish the concept of short run production and long run product. What is the situation on this production theory by company D'LIMAU Sdn Bhd?. b) Complete the table 1 above for AP and MP. Draw a suitable diagram to show the production theory in this case. c) Determine the three (3) stages of production. Sketch the condition of increasing marginal of return, diminishing marginal of return and negative marginal of return for labour. d) Explain the concept of law of diminishing marginal of return with the demand curve of labour form employers perspective. e) If the labour cost (minimum wage) for labour productivity is RM40, how many labour that required by the employer? Justify.
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