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1) Draw a production function that exhibits diminishing marginal product of labour. Draw the associated total cost curve. (In both cases, be sure to label

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1) Draw a production function that exhibits diminishing marginal product of labour. Draw the associated total cost curve. (In both cases, be sure to label the axes.) Explain the shapes of the two curves you have drawn}. Output [Bricks per hour) A Number of workers (Input) 0 > Production function (Blue line) represents the relationship between the quantities of output and the quantities of labour. As can be seen from the plot, the slope becomes attered when the number of hired workers increase. This can be explained by the fact that increasing input leads to the increase in output until it gets slower and stops because the number of workers is not appropriate with other inputs to produce moreh Cost ($) A 0 Output [Bricks per hours}

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