Question: The table assumed that there is one fixed factor. Units of Labor Total Product Average Product Marginal Product 1 20 20 20 2 50 25

The table assumed that there is one fixed factor.

Units of Labor Total Product Average Product Marginal Product
1 20 20 20
2 50 25 30
3 90 30 40
4 120 30 30
5 140 28 20
6 150 25 10
7 150 21.3 0
8 140 17.3 -0

Use a bracket to identify what is being asked in the following.

1. Determine the first stage of production.

2. Determine at what point AP and MP intersect.

3. Determine the second stage of production.

4. Determine the third stage of production.

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