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1. The following is the total product plan of the company Surfboards, S.A.: Labor Production (Workers per week) (Boards per week) 30 70 W N

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1. The following is the total product plan of the company Surfboards, S.A.: Labor Production (Workers per week) (Boards per week) 30 70 W N 120 4 160 5 190 6 210 220 a. Draw the total product curve. b. Calculate the mean product of labor and draw the average product curve. c. Calculate the marginal product of labor and draw the marginal product curve. d. In what range of production does the firm enjoy the benefits of increased specialization and division of labor? e. and. Over what output range does the firm experience a decrease in the marginal product of labor? f. Over what output range does the firm experience an increase in the average product of labor but a decrease in the marginal product of labor? g. Explain how it is possible for a firm to experience an increase in the average product of labor at the same time, but a decrease in the marginal product of labor

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