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1. Complete the following production table for a wheat farm by calculating average physical product (APP) and marginal physical product (MPP) for each labor input.
1. Complete the following production table for a wheat farm by calculating average physical product (APP) and marginal physical product (MPP) for each labor input. Round your results to one decimal place. a. TPP APP MPP Labor [Bushels) (Bushels/Worker) Bushels/Worker) 0 0 1 29.4 IN 95.2 3 193.8 4 321.6 5 475 6 650.4 7 844.2 8 1052.8 g 1272.6 10 1500 11 1731.4 12 1963.2 13 2191.8 14 2413.6 15 2625 16 2822.4 17 3002.2 18 3160.8 19 3294.6 20 3400 21 3473.4 22 3511.2 b. Describe the relationship for marginal physical product. That is, how are the MPP values changing as the units of labor increase? C. Describe the relationship for average physical product. That is, how are the values for APP changing as the units of labor increase? d. Compare the values of MPP and APP with 10 units of labor. Using this information, is the APP increasing, decreasing, or staying the same? e. Compare the values of MPP and APP with 20 units of labor. Using this information, is the APP increasing, decreasing, or staying the same
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