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4. Total, average, and marginal physical product Undercover World, a book shop, has the following marginal physical product curve (labeled MPP) for its hourlyr production.
4. Total, average, and marginal physical product Undercover World, a book shop, has the following marginal physical product curve (labeled MPP) for its hourlyr production. 6*) 20 - 18 - 16 __ AP 14- MPP andAP (Books per hour) I] + | | l II | U 1 2 3 4 5 QUANTITY OF LABOR When labor increases from two to three workers, total product increases by 7 per hour. Use the orange points (square symbol) to plot the total physical product curve ( IPP) on the following graph. Line segments will automatically connect the points. Assume that if there are no workers, Undercover World does not have any output, so your first point should be (0,0). Be sure to plot from left to right. 60 -0- 54 TPP 48 42 36 TOTAL PHYSICAL PRODUCT (Books per hour) 30 24 18 12 2 3 0 1 QUANTITY OF LABOROn the graph showing the marginal physical product curve (MPP), use the purple points (diamond symbol) to plot the average product curve (AP) at one, two, three, four, and five workers. Line segments will connect the points automatically. Be sure to plot from left to right. The marginal physical product curve (MPP) and average product curve (AP) always intersect at the of the curve
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